1603 Picadilly Way UNIT 1603Saint JamesNY11780
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Saint James at 1603 Picadilly Way UNIT 1603, Saint James, NY, 11780 offers a 11.81% rental yield on a $414,689 purchase with $4,080/mo rent. Total monthly income registers $4,080/mo, and a $2,030/mo payment leaves $327/mo available for distribution. Annual cash flow reaches $3,930/yr on $137,469 to close, and return on cash invested stands at 22.77% in year one. Equity gained on principal adds $2,676/yr while 5% annual appreciation supports $114,571 over five years. Portfolio math shows five-year ROI at 121.94% and total cumulative return in cash at $167,636. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,080/mo property income against a $2,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2012
N/A lot
$N/A/sqft
$983 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11780, Saint James, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,698 (100%) |
| Owner Occupied HU | 4,802 (84.3%) |
| Renter Occupied HU | 607 (10.7%) |
| Vacant Housing Units | 289 ( 5.1%) |
| Median Home Value | $732,275 |
| Average Home Value | $822,409 |
Housing Distribution
Address Breakdown
Residential
5,593
Single Family
5,585
Multi-Family
8
Businesses
619
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Nearby investment properties with comparable prices
Listed by: Louis Corti • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3573376
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