234 Millard Avenue #234West BabylonNY11704
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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 West Babylon at 234 Millard Avenue #234, West Babylon, NY, 11704 generates $2,964/mo in rent and, after a $1,708/mo payment, leaves $634/mo in cash flow. Total monthly income is $2,964/mo, and annual cash flow is $7,606/yr on $115,660 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 10.19% on a $348,900 entry. Equity gained on principal adds $2,251/yr, while 5% annual appreciation builds toward $96,395 over five years. Five-year ROI reaches 138.74% and total cumulative return in cash sums $160,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,964/mo property income rather than buyer’s personal income.
Condo
Built in 1978
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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Listed by: Larry Barasch CBR CRS ABR GRI • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #904675