531 Myrtle AvenueWest IslipNY11795
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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 West Islip at 531 Myrtle Avenue, West Islip, NY, 11795 offers $5,039/mo rent that, after a $3,666/mo payment, leaves $37/mo cash flow. Total monthly income is $5,039/mo, and annual cash flow is $447/yr on $246,421 cash. Return on cash invested measures 20.24% in year one, and rental yield stands at 8.07% at a $749,000 entry. Equity gained on principal adds $4,833/yr while 5% annual appreciation compounds into $206,935 by year five. Five-year ROI records 105.25% and total cumulative return in cash reaches $259,348. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,039/mo property income versus a $3,666/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11795, West Islip, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,409 (100%) |
| Owner Occupied HU | 7,620 (90.6%) |
| Renter Occupied HU | 509 ( 6.1%) |
| Vacant Housing Units | 280 ( 3.3%) |
| Median Home Value | $648,627 |
| Average Home Value | $718,244 |
Housing Distribution
Address Breakdown
Residential
8,081
Single Family
8,041
Multi-Family
40
Businesses
475
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Listed by: Patty J. Vorilas • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #884888