228 Feller DriveCentral IslipNY11722
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Central Islip at 228 Feller Drive, Central Islip, NY, 11722 priced at $405,000 pairs $3,720/mo rent with $1,016/mo cash flow after a $1,982/mo payment. Total monthly income equals $3,720/mo, and annual cash flow comes to $12,189/yr on $134,258 invested. Return on cash invested is 28.99% in year one, and rental yield stands at 11.02% on a $405,000 basis. Equity gained on principal adds $2,613/yr, and 5% annual appreciation accumulates to $111,894 by year five. Five-year ROI measures 152.16% and total cumulative return in cash reaches $204,290. For financing, Ziffy Mortgage’s DSCR program evaluates $3,720/mo property income against a $1,982/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11722, Central Islip, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,168 (100%) |
| Owner Occupied HU | 7,332 (65.7%) |
| Renter Occupied HU | 3,261 (29.2%) |
| Vacant Housing Units | 575 ( 5.1%) |
| Median Home Value | $469,487 |
| Average Home Value | $552,376 |
Housing Distribution
Address Breakdown
Residential
9,675
Single Family
8,540
Multi-Family
1,135
Businesses
627
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Suzanne Mason • Century 21 Parisi Realty
Mls Name: OneKey MLS
Mls ID: #899326