41 Balsam Court UNIT 41WantaghNY11793
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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
Rental property for sale in Wantagh at 41 Balsam Court UNIT 41, Wantagh, NY, 11793 priced at $565,000 converts $2,749/mo rent into after a $2,765/mo obligation. Total monthly income equals $2,749/mo. Return on cash invested prints 10.27% in year one, and rental yield reads 5.84% against a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 52.93% and total cumulative return in cash sums $98,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,749/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
11.20 Acres lot
$N/A/sqft
$493 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11793, Wantagh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 9,873 (89.8%) |
| Renter Occupied HU | 801 ( 7.3%) |
| Vacant Housing Units | 317 ( 2.9%) |
| Median Home Value | $661,408 |
| Average Home Value | $714,075 |
Housing Distribution
Address Breakdown
Residential
10,619
Single Family
10,471
Multi-Family
148
Businesses
735
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Nearby investment properties with comparable prices
Listed by: Robert Newman • Master Estates
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3570718
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