301 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 301 Artist Lake Drive, Middle Island, NY, 11953 priced at $239,999 pairs $1,610/mo rent with $7/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,610/mo, and annual cash flow comes to $84/yr on $79,560 invested. Return on cash invested is 20.01% in year one, and rental yield stands at 8.05% on a $239,999 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,307 by year five. Five-year ROI measures 104.05% and total cumulative return in cash reaches $82,778. For financing, Ziffy Mortgage’s DSCR program evaluates $1,610/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1974
1,263 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: Raymond P. Matthews • H & G Realty New York
Mls Name: OneKey MLS
Mls ID: #936648