26 Springwood Drive UNIT 26North BabylonNY11703
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 North Babylon at 26 Springwood Drive UNIT 26, North Babylon, NY, 11703 priced at $345,000 converts $3,097/mo rent into $376/mo cash flow after a $1,689/mo obligation. Total monthly income equals $3,097/mo, and annual cash flow totals $4,509/yr on $114,368 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 10.77% against a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation compiles into $95,317 by year five. Five-year ROI reaches 126.22% and total cumulative return in cash sums $144,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,097/mo property income covering a $1,689/mo payment, not borrower’s personal income.
Condo
Built in 1977
1,030 sqft lot
$N/A/sqft
$417 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11703, North Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,998 (100%) |
| Owner Occupied HU | 4,813 (80.2%) |
| Renter Occupied HU | 985 (16.4%) |
| Vacant Housing Units | 200 ( 3.3%) |
| Median Home Value | $554,797 |
| Average Home Value | $642,297 |
Housing Distribution
Address Breakdown
Residential
5,640
Single Family
5,640
Multi-Family
0
Businesses
357
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Nearby investment properties with comparable prices
Listed by: Alan F Kohler • Century 21 AA Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3585915
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