6 Cedar Oaks AveFarmingvilleNY11738
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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 Farmingville at 6 Cedar Oaks Ave, Farmingville, NY, 11738 priced at $718,000 converts $4,571/mo rent into after a $3,514/mo obligation. Total monthly income equals $4,571/mo. Return on cash invested prints 18.93% in year one, and rental yield reads 7.64% against a $718,000 entry. Equity gained on principal adds $4,633/yr, while 5% annual appreciation compiles into $198,370 by year five. Five-year ROI reaches 98.18% and total cumulative return in cash sums $231,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,571/mo property income covering a $3,514/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11738, Farmingville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,865 (100%) |
| Owner Occupied HU | 4,460 (76.0%) |
| Renter Occupied HU | 1,027 (17.5%) |
| Vacant Housing Units | 378 ( 6.4%) |
| Median Home Value | $561,933 |
| Average Home Value | $573,951 |
Housing Distribution
Address Breakdown
Residential
5,094
Single Family
4,873
Multi-Family
221
Businesses
410
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