37 Whalers Cove #37BabylonNY11702
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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 Babylon at 37 Whalers Cove #37, Babylon, NY, 11702 uses $180,621 cash to close to unlock $143/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $3,678/mo, and a $2,687/mo payment keeps the spread at $12/mo. Purchase price stands at $549,000, and rental yield measures 8.04% with $3,678/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 104.69% and total cumulative return in cash records $189,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,678/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Condo
Built in 1973
500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11702, Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,871 (100%) |
| Owner Occupied HU | 4,284 (73.0%) |
| Renter Occupied HU | 1,154 (19.7%) |
| Vacant Housing Units | 433 ( 7.4%) |
| Median Home Value | $684,211 |
| Average Home Value | $728,164 |
Housing Distribution
Address Breakdown
Residential
5,626
Single Family
5,475
Multi-Family
151
Businesses
701
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