71 Eric DriveMiddle IslandNY11953
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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 Middle Island at 71 Eric Drive, Middle Island, NY, 11953 offers a 11.71% rental yield on a $400,000 purchase with $3,904/mo rent. Total monthly income registers $3,904/mo, and a $1,958/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,040/yr on $132,600 to close, and return on cash invested stands at 25.22% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 134.08% and total cumulative return in cash at $177,784. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,904/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
1,272 sqft lot
$N/A/sqft
$646 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11953, Middle Island, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,369 (100%) |
| Owner Occupied HU | 3,612 (67.3%) |
| Renter Occupied HU | 1,492 (27.8%) |
| Vacant Housing Units | 265 ( 4.9%) |
| Median Home Value | $427,596 |
| Average Home Value | $492,775 |
Housing Distribution
Address Breakdown
Residential
5,477
Single Family
5,477
Multi-Family
0
Businesses
352
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Listed by: Susan G. Owen • Coldwell Banker M&D Good Life
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #858955
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 05:18:10 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)