23 Cedar DrFarmingdaleNY11735
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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 Farmingdale at 23 Cedar Dr, Farmingdale, NY, 11735 priced at $713,600 pairs $4,145/mo rent with after a $3,493/mo payment. Total monthly income equals $4,145/mo. Return on cash invested is 16.89% in year one, and rental yield stands at 6.97% on a $713,600 basis. Equity gained on principal adds $4,605/yr, and 5% annual appreciation accumulates to $197,155 by year five. Five-year ROI measures 87.26% and total cumulative return in cash reaches $204,866. For financing, Ziffy Mortgage’s DSCR program evaluates $4,145/mo property income against a $3,493/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1941
7,601 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11735, Farmingdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,052 (100%) |
| Owner Occupied HU | 8,861 (73.5%) |
| Renter Occupied HU | 2,655 (22.0%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $616,913 |
| Average Home Value | $640,330 |
Housing Distribution
Address Breakdown
Residential
10,955
Single Family
9,703
Multi-Family
1,252
Businesses
2,424
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Listed by: N/A • N/A
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