19 Parma RoadIsland ParkNY11558
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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
Investment property for sale in Island Park at 19 Parma Road, Island Park, NY, 11558 offers a 5.84% rental yield on a $777,000 purchase with $3,780/mo rent. 45% in year one. Equity gained on principal adds $5,014/yr while 5% annual appreciation supports $214,671 over five years. Portfolio math shows five-year ROI at 68.81% and total cumulative return in cash at $175,907. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,780/mo property income against a $3,803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11558, Island Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,622 (100%) |
| Owner Occupied HU | 2,170 (59.9%) |
| Renter Occupied HU | 1,242 (34.3%) |
| Vacant Housing Units | 210 ( 5.8%) |
| Median Home Value | $636,537 |
| Average Home Value | $713,471 |
Housing Distribution
Address Breakdown
Residential
3,036
Single Family
2,709
Multi-Family
327
Businesses
366
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Listed by: Inbal Levy • B2B Real Estate Group Inc
Mls Name: OneKey MLS
Mls ID: #905853