373 Magnolia DriveSeldenNY11784
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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 Selden at 373 Magnolia Drive, Selden, NY, 11784 uses $190,787 cash to close to unlock $1,054/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $3,960/mo, and a $2,838/mo payment keeps the spread at $88/mo. Purchase price stands at $579,900, and rental yield measures 8.19% with $3,960/mo rent. Return on cash invested shows 20.61% in year one, and 5% annual appreciation builds toward $160,216 over five years. Five-year ROI reaches 107.23% and total cumulative return in cash records $204,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,960/mo property income covering a $2,838/mo payment rather than investor’s personal income.
Single Family
Built in 1963
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11784, Selden, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,640 (100%) |
| Owner Occupied HU | 6,550 (75.8%) |
| Renter Occupied HU | 1,686 (19.5%) |
| Vacant Housing Units | 404 ( 4.7%) |
| Median Home Value | $495,806 |
| Average Home Value | $571,600 |
Housing Distribution
Address Breakdown
Residential
7,736
Single Family
7,552
Multi-Family
184
Businesses
497
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