2 Biel DriveAmityvilleNY11701
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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 Amityville at 2 Biel Drive, Amityville, NY, 11701 offers $2,133/mo rent that, after a $1,468/mo payment, leaves $130/mo cash flow. Total monthly income is $2,133/mo, and annual cash flow is $1,560/yr on $99,450 cash. Return on cash invested measures 21.48% in year one, and rental yield stands at 8.53% at a $300,000 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 111.89% and total cumulative return in cash reaches $111,276. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,133/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
9,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11701, Amityville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 6,167 (60.2%) |
| Renter Occupied HU | 3,326 (32.5%) |
| Vacant Housing Units | 746 ( 7.3%) |
| Median Home Value | $587,567 |
| Average Home Value | $654,235 |
Housing Distribution
Address Breakdown
Residential
9,287
Single Family
8,008
Multi-Family
1,279
Businesses
868
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Listed by: Michelle N. Littrean • Lettre Realty Inc
Mls Name: OneKey MLS
Mls ID: #905950