28 Lorien Place UNIT 28MelvilleNY11747
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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 Melville at 28 Lorien Place UNIT 28, Melville, NY, 11747 earns $2,173/mo cash flow from $7,094/mo rent with a $3,081/mo payment. Total monthly income totals $7,094/mo, and annual cash flow totals $26,081/yr on $207,106 capital. ROI tracks 32.65% on current figures, and rental yield reads 13.52% at a $629,500 purchase. Equity gained on principal adds $4,062/yr, and 5% annual appreciation supports $173,919 over five years. Five-year ROI reaches 173.31% and total cumulative return in cash sums $358,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,094/mo property income instead of your personal income.
Condo
Built in 2008
1,255 sqft lot
$N/A/sqft
$717 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,945 (100%) |
| Owner Occupied HU | 6,327 (79.6%) |
| Renter Occupied HU | 1,193 (15.0%) |
| Vacant Housing Units | 425 ( 5.3%) |
| Median Home Value | $831,921 |
| Average Home Value | $903,171 |
Housing Distribution
Address Breakdown
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
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Listed by: Simran Sawhney • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3519536
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