20 Melody LaneKings ParkNY11754
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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 Kings Park at 20 Melody Lane, Kings Park, NY, 11754 offers a 5.52% rental yield on a $1,174,900 purchase with $5,400/mo rent. 66% in year one. Equity gained on principal adds $7,581/yr while 5% annual appreciation supports $324,603 over five years. Portfolio math shows five-year ROI at 64.52% and total cumulative return in cash at $245,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,400/mo property income against a $5,751/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11754, Kings Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 5,545 (79.2%) |
| Renter Occupied HU | 1,165 (16.6%) |
| Vacant Housing Units | 288 ( 4.1%) |
| Median Home Value | $628,928 |
| Average Home Value | $657,053 |
Housing Distribution
Address Breakdown
Residential
6,601
Single Family
6,103
Multi-Family
498
Businesses
459
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Listed by: Joan V. DaCorta • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #902881