3 Allegheny Drive WFarmingvilleNY11738
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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
Investment property for sale in Farmingville at 3 Allegheny Drive W, Farmingville, NY, 11738 at $589,990 posts ROI 29.09% with $1,460/mo cash flow from $5,400/mo rent. Total monthly income equals $5,400/mo, and annual cash flow records $17,518/yr on $194,107 to close. Return on cash invested measures 29.09% and rental yield reads 10.98% at the current $589,990. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,003 by year five. Five-year ROI prints 152.66% and total cumulative return in cash totals $296,329.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,400/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11738, Farmingville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,865 (100%) |
| Owner Occupied HU | 4,460 (76.0%) |
| Renter Occupied HU | 1,027 (17.5%) |
| Vacant Housing Units | 378 ( 6.4%) |
| Median Home Value | $561,933 |
| Average Home Value | $573,951 |
Housing Distribution
Address Breakdown
Residential
5,094
Single Family
4,873
Multi-Family
221
Businesses
410
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Listed by: Lina Lopes • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #949784