615 Broadway #83AmityvilleNY11701
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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 Amityville at 615 Broadway #83, Amityville, NY, 11701 uses $116,025 cash to close to unlock $4,354/yr annual cash flow and $363/mo monthly cash flow. Total monthly income runs $2,700/mo, and a $1,713/mo payment keeps the spread at $363/mo. Purchase price stands at $350,000, and rental yield measures 9.26% with $2,700/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 123.61% and total cumulative return in cash records $143,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,700/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11701, Amityville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,239 (100%) |
| Owner Occupied HU | 6,167 (60.2%) |
| Renter Occupied HU | 3,326 (32.5%) |
| Vacant Housing Units | 746 ( 7.3%) |
| Median Home Value | $587,567 |
| Average Home Value | $654,235 |
Housing Distribution
Address Breakdown
Residential
9,287
Single Family
8,008
Multi-Family
1,279
Businesses
868
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Listed by: Mercedes Reed CBR • MR Imperial Real Estate
Mls Name: OneKey MLS
Mls ID: #943643