585 Franklinville RdLaurelNY11948
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Laurel at 585 Franklinville Rd, Laurel, NY, 11948 generates $3,571/mo in rent and, after a $2,398/mo payment, leaves $299/mo in cash flow. Total monthly income is $3,571/mo, and annual cash flow is $3,590/yr on $162,435 invested. Return on cash invested sits at 22.12% in year one, and rental yield is 8.75% on a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 115.35% and total cumulative return in cash sums $187,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,571/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11948, Laurel, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 629 (100%) |
| Owner Occupied HU | 355 (56.4%) |
| Renter Occupied HU | 78 (12.4%) |
| Vacant Housing Units | 196 (31.2%) |
| Median Home Value | $794,034 |
| Average Home Value | $977,113 |
Housing Distribution
Address Breakdown
Residential
470
Single Family
470
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices