600 Fulton Street #V2FarmingdaleNY11735
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
Investment property for sale in Farmingdale at 600 Fulton Street #V2, Farmingdale, NY, 11735 listed at $299,990 pairs $2,926/mo rent with a $1,468/mo payment to leave $923/mo cash flow. Total monthly income runs $2,926/mo, and annual cash flow reaches $11,076/yr on $99,447 cash to close. Return on cash invested measures 31.05% in year one, and rental yield registers 11.7% at a $299,990 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,882 by year five. Five-year ROI tracks 163.25% and total cumulative return in cash totals $162,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,926/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1953
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11735, Farmingdale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,052 (100%) |
| Owner Occupied HU | 8,861 (73.5%) |
| Renter Occupied HU | 2,655 (22.0%) |
| Vacant Housing Units | 536 ( 4.4%) |
| Median Home Value | $616,913 |
| Average Home Value | $640,330 |
Housing Distribution
Address Breakdown
Residential
10,955
Single Family
9,703
Multi-Family
1,252
Businesses
2,424
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Posada • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #913024