7 Lico PlaceBabylonNY11702
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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 Babylon at 7 Lico Place, Babylon, NY, 11702 priced at $639,316 converts $3,540/mo rent into after a $3,129/mo obligation. Total monthly income equals $3,540/mo. Return on cash invested prints 15.9% in year one, and rental yield reads 6.64% against a $639,316 entry. Equity gained on principal adds $4,125/yr, while 5% annual appreciation compiles into $176,631 by year five. Five-year ROI reaches 81.95% and total cumulative return in cash sums $172,375. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,540/mo property income covering a $3,129/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11702, Babylon, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,871 (100%) |
| Owner Occupied HU | 4,284 (73.0%) |
| Renter Occupied HU | 1,154 (19.7%) |
| Vacant Housing Units | 433 ( 7.4%) |
| Median Home Value | $684,211 |
| Average Home Value | $728,164 |
Housing Distribution
Address Breakdown
Residential
5,626
Single Family
5,475
Multi-Family
151
Businesses
701
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