359 Erlanger BlvdNorth BabylonNY11703
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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
Rental property for sale in North Babylon at 359 Erlanger Blvd, North Babylon, NY, 11703 priced at $599,990 pairs $5,400/mo rent with $1,393/mo cash flow after a $2,937/mo payment. Total monthly income equals $5,400/mo, and annual cash flow comes to $16,716/yr on $197,397 invested. Return on cash invested is 28.53% in year one, and rental yield stands at 10.8% on a $599,990 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,766 by year five. Five-year ROI measures 149.7% and total cumulative return in cash reaches $295,509. For financing, Ziffy Mortgage’s DSCR program evaluates $5,400/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
8,041 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
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Listed by: Sabrina Demiris • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #953269