355 Route 111 #6SmithtownNY11787
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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 Smithtown at 355 Route 111 #6, Smithtown, NY, 11787 uses $82,544 cash to close to unlock $239/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,683/mo, and a $1,219/mo payment keeps the spread at $20/mo. Purchase price stands at $249,000, and rental yield measures 8.11% with $1,683/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 105.03% and total cumulative return in cash records $86,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,683/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1964
2.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11787, Smithtown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,658 (100%) |
| Owner Occupied HU | 10,580 (83.6%) |
| Renter Occupied HU | 1,536 (12.1%) |
| Vacant Housing Units | 542 ( 4.3%) |
| Median Home Value | $670,029 |
| Average Home Value | $711,847 |
Housing Distribution
Address Breakdown
Residential
12,038
Single Family
11,617
Multi-Family
421
Businesses
1,316
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