220 Larch LaneSmithtownNY11787
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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 Smithtown at 220 Larch Lane, Smithtown, NY, 11787 offers $3,980/mo rent that, after a $2,496/mo payment, leaves $575/mo cash flow. Total monthly income is $3,980/mo, and annual cash flow is $6,894/yr on $167,790 cash. Return on cash invested measures 24.17% in year one, and rental yield stands at 9.36% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 126.3% and total cumulative return in cash reaches $211,923. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,980/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11787, Smithtown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,658 (100%) |
| Owner Occupied HU | 10,580 (83.6%) |
| Renter Occupied HU | 1,536 (12.1%) |
| Vacant Housing Units | 542 ( 4.3%) |
| Median Home Value | $670,029 |
| Average Home Value | $711,847 |
Housing Distribution
Address Breakdown
Residential
12,038
Single Family
11,617
Multi-Family
421
Businesses
1,316
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