224 Farber Drive Farber #224BabylonNY11704
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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 Babylon at 224 Farber Drive Farber #224, Babylon, NY, 11704 uses $97,793 cash to close to unlock $899/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $2,045/mo, and a $1,444/mo payment keeps the spread at $75/mo. Purchase price stands at $295,000, and rental yield measures 8.32% with $2,045/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 108.42% and total cumulative return in cash records $106,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,045/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11704, West Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,970 (100%) |
| Owner Occupied HU | 9,671 (69.2%) |
| Renter Occupied HU | 3,727 (26.7%) |
| Vacant Housing Units | 572 ( 4.1%) |
| Median Home Value | $559,630 |
| Average Home Value | $583,775 |
Housing Distribution
Address Breakdown
Residential
12,611
Single Family
11,925
Multi-Family
686
Businesses
1,370
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