2423 Union Boulevard #8BIslipNY11751
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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 Islip at 2423 Union Boulevard #8B, Islip, NY, 11751 offers a 8.39% rental yield on a $315,000 purchase with $2,202/mo rent. Total monthly income registers $2,202/mo, and a $1,542/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,179/yr on $104,423 to close, and return on cash invested stands at 21.04% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 109.57% and total cumulative return in cash at $114,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,202/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11751, Islip, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,382 (100%) |
| Owner Occupied HU | 4,210 (78.2%) |
| Renter Occupied HU | 1,009 (18.7%) |
| Vacant Housing Units | 163 ( 3.0%) |
| Median Home Value | $597,072 |
| Average Home Value | $627,016 |
Housing Distribution
Address Breakdown
Residential
5,146
Single Family
5,040
Multi-Family
106
Businesses
411
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