197 Fulton Street #2FarmingdaleNY11735
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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 Farmingdale at 197 Fulton Street #2, Farmingdale, NY, 11735 offers a 10.54% rental yield on a $469,000 purchase with $4,120/mo rent. Total monthly income registers $4,120/mo, and a $2,296/mo payment leaves $988/mo available for distribution. Annual cash flow reaches $11,851/yr on $155,474 to close, and return on cash invested stands at 27.53% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,576 over five years. Portfolio math shows five-year ROI at 144.36% and total cumulative return in cash at $224,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,120/mo property income against a $2,296/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11735, Farmingdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,052 (100%) |
| Owner Occupied HU | 8,861 (73.5%) |
| Renter Occupied HU | 2,655 (22.0%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $616,913 |
| Average Home Value | $640,330 |
Housing Distribution
Address Breakdown
Residential
10,955
Single Family
9,703
Multi-Family
1,252
Businesses
2,424
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Listed by: Richard P. Dallow • RE/MAX Reliance
Mls Name: OneKey MLS
Mls ID: #920807