19 Goldfield StMelvilleNY11747
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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
Rental property for sale in Melville at 19 Goldfield St, Melville, NY, 11747 offers $6,140/mo rent that, after a $3,181/mo payment, leaves $1,800/mo cash flow. Total monthly income is $6,140/mo, and annual cash flow is $21,598/yr on $213,850 cash. Return on cash invested measures 30.16% in year one, and rental yield stands at 11.34% at a $650,000 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,583 by year five. Five-year ROI records 158.42% and total cumulative return in cash reaches $338,786. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,140/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,945 (100%) |
| Owner Occupied HU | 6,327 (79.6%) |
| Renter Occupied HU | 1,193 (15.0%) |
| Vacant Housing Units | 425 ( 5.3%) |
| Median Home Value | $831,921 |
| Average Home Value | $903,171 |
Housing Distribution
Address Breakdown
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
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