43 Springwood DriveNorth BabylonNY11703
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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 North Babylon at 43 Springwood Drive, North Babylon, NY, 11703 with 5% annual appreciation on a $475,000 basis while $3,292/mo rent supports operations. Total monthly income totals $3,292/mo and a $2,325/mo payment preserves $120/mo for cash returns. Annual cash flow comes to $1,439/yr on $157,463 deployed, and return on cash invested reaches 20.82% in year one. Equity gained on principal adds $3,065/yr, and five-year appreciation sums $131,234 alongside rental yield of 8.32%. Five-year ROI measures 108.37% and total cumulative return in cash totals $170,647.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,292/mo property income versus a $2,325/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1965
N/A 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: Peter J. Ruess • First Liberty Real Estate
Mls Name: OneKey MLS
Mls ID: #944408