24 Midway StreetBabylonNY11702
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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 24 Midway Street, Babylon, NY, 11702 earns from $3,540/mo rent with a $9,789/mo payment. Total monthly income totals $3,540/mo. ROI tracks 2.19% on current figures, and rental yield reads 2.12% at a $1,999,995 purchase. Equity gained on principal adds $12,906/yr, and 5% annual appreciation supports $552,562 over five years. Five-year ROI reaches 8.4% and total cumulative return in cash sums $54,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,540/mo property income instead of your personal income.
Single Family
Built in 2025
4,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11702, Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,871 (100%) |
| Owner Occupied HU | 4,284 (73.0%) |
| Renter Occupied HU | 1,154 (19.7%) |
| Vacant Housing Units | 433 ( 7.4%) |
| Median Home Value | $684,211 |
| Average Home Value | $728,164 |
Housing Distribution
Address Breakdown
Residential
5,626
Single Family
5,475
Multi-Family
151
Businesses
701
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