528 Canary PlaceNorth 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 528 Canary Place, North Babylon, NY, 11703 offers a 8.76% rental yield on a $740,000 purchase with $5,400/mo rent. Total monthly income registers $5,400/mo, and a $3,622/mo payment leaves $458/mo available for distribution. Annual cash flow reaches $5,500/yr on $243,460 to close, and return on cash invested stands at 22.32% in year one. Equity gained on principal adds $4,775/yr while 5% annual appreciation supports $204,448 over five years. Portfolio math shows five-year ROI at 116.39% and total cumulative return in cash at $283,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,400/mo property income against a $3,622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
8,343 sqft 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: Sigfredo E. Ramos Ventura • ARVY Realty
Mls Name: OneKey MLS
Mls ID: #951023