38 Somerset Road EAmityvilleNY11701
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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 Amityville at 38 Somerset Road E, Amityville, NY, 11701 earns from $2,585/mo rent with a $2,080/mo payment. Total monthly income totals $2,585/mo. ROI tracks 17.75% on current figures, and rental yield reads 7.3% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 91.95% and total cumulative return in cash sums $129,545. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,585/mo property income instead of your personal income.
Single Family
Built in 1952
7,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11701, Amityville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 6,167 (60.2%) |
| Renter Occupied HU | 3,326 (32.5%) |
| Vacant Housing Units | 746 ( 7.3%) |
| Median Home Value | $587,567 |
| Average Home Value | $654,235 |
Housing Distribution
Address Breakdown
Residential
9,287
Single Family
8,008
Multi-Family
1,279
Businesses
868
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Listed by: Noe Martinez Flores • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #930127