305 Alfred StreetNorth 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 305 Alfred Street, North Babylon, NY, 11703 offers $5,400/mo rent that, after a $3,372/mo payment, leaves $799/mo cash flow. Total monthly income is $5,400/mo, and annual cash flow is $9,591/yr on $226,681 cash. Return on cash invested measures 24.29% in year one, and rental yield stands at 9.4% at a $689,000 entry. Equity gained on principal adds $4,446/yr while 5% annual appreciation compounds into $190,358 by year five. Five-year ROI records 126.97% and total cumulative return in cash reaches $287,814. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $3,372/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
7,500 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marisa A. Filardo • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #875936