32 Springwood DriveNorth 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
Investment property for sale in North Babylon at 32 Springwood Drive, North Babylon, NY, 11703 at $370,000 posts ROI 27.94% with $821/mo cash flow from $3,292/mo rent. Total monthly income equals $3,292/mo, and annual cash flow records $9,854/yr on $122,655 to close. Return on cash invested measures 27.94% and rental yield reads 10.68% at the current $370,000. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 by year five. Five-year ROI prints 146.59% and total cumulative return in cash totals $179,801.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,292/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1977
948 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: Amanda Rose PSA SRS • OverSouth LLC
Mls Name: OneKey MLS
Mls ID: #955209