638 Fresh Pond Avenue #305CalvertonNY11933
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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 Calverton at 638 Fresh Pond Avenue #305, Calverton, NY, 11933 uses $99,119 cash to close to unlock $501/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $2,038/mo, and a $1,463/mo payment keeps the spread at $42/mo. Purchase price stands at $299,000, and rental yield measures 8.18% with $2,038/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 106.2% and total cumulative return in cash records $105,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,038/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11933, Calverton, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,032 (100%) |
| Owner Occupied HU | 2,780 (68.9%) |
| Renter Occupied HU | 496 (12.3%) |
| Vacant Housing Units | 756 (18.7%) |
| Median Home Value | $576,840 |
| Average Home Value | $574,431 |
Housing Distribution
Address Breakdown
Residential
3,092
Single Family
3,092
Multi-Family
0
Businesses
211
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