262 Artist Lake DriveMiddle IslandNY11953
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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 Middle Island at 262 Artist Lake Drive, Middle Island, NY, 11953 offers $2,836/mo rent that, after a $1,052/mo payment, leaves $1,401/mo cash flow. Total monthly income is $2,836/mo, and annual cash flow is $16,807/yr on $71,273 cash. Return on cash invested measures 43.49% in year one, and rental yield stands at 15.83% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 229.94% and total cumulative return in cash reaches $163,885. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,836/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
1,203 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11953, Middle Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,369 (100%) |
| Owner Occupied HU | 3,612 (67.3%) |
| Renter Occupied HU | 1,492 (27.8%) |
| Vacant Housing Units | 265 ( 4.9%) |
| Median Home Value | $427,596 |
| Average Home Value | $492,775 |
Housing Distribution
Address Breakdown
Residential
5,477
Single Family
5,477
Multi-Family
0
Businesses
352
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Listed by: Kandice Morales CBR • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #897184