2 Spruce PlaceBohemiaNY11716
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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 Bohemia at 2 Spruce Place, Bohemia, NY, 11716 priced at $699,000 converts $3,570/mo rent into after a $3,421/mo obligation. Total monthly income equals $3,570/mo. Return on cash invested prints 14.33% in year one, and rental yield reads 6.13% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 73.56% and total cumulative return in cash sums $169,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,570/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Condo
Built in 2019
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11716, Bohemia, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,936 (100%) |
| Owner Occupied HU | 2,999 (76.2%) |
| Renter Occupied HU | 783 (19.9%) |
| Vacant Housing Units | 154 ( 3.9%) |
| Median Home Value | $564,578 |
| Average Home Value | $571,648 |
Housing Distribution
Address Breakdown
Residential
3,736
Single Family
3,736
Multi-Family
0
Businesses
1,482
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