524 Fire Island AveBabylonNY11702
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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 524 Fire Island Ave, Babylon, NY, 11702 with 5% annual appreciation on a $899,999 basis while $4,198/mo rent supports operations. 72% in year one. Equity gained on principal adds $5,808/yr, and five-year appreciation sums $248,653 alongside rental yield of 5.6%. Five-year ROI measures 64.88% and total cumulative return in cash totals $192,095. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,198/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
8,000 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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