53 Glen AvenueFlandersNY11901
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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 Flanders at 53 Glen Avenue, Flanders, NY, 11901 uses $223,391 cash to close to unlock $89,593/yr annual cash flow and $7,466/mo monthly cash flow. Total monthly income runs $12,000/mo, and a $3,323/mo payment keeps the spread at $7,466/mo. Purchase price stands at $679,000, and rental yield measures 21.21% with $12,000/mo rent. Return on cash invested shows 60.17% in year one, and 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 319.35% and total cumulative return in cash records $713,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $12,000/mo property income covering a $3,323/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11901, Riverhead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,746 (100%) |
| Owner Occupied HU | 7,418 (58.2%) |
| Renter Occupied HU | 3,718 (29.2%) |
| Vacant Housing Units | 1,610 (12.6%) |
| Median Home Value | $577,542 |
| Average Home Value | $638,820 |
Housing Distribution
Address Breakdown
Residential
10,959
Single Family
9,878
Multi-Family
1,081
Businesses
1,459
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