71 Independence AvenueBabylonNY11702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 71 Independence Avenue, Babylon, NY, 11702 in Babylon hard to pass up. The 12.07% gross yield on a $639,316 purchase results in $6,431/mo in rent and $2,162/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.24). Annual cash flow of $25,939, five-year appreciation of $176,631, and $5,888/yr in equity build-up combine for a projected total cumulative return of $382,867.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 6.2% |
| Monthly Cash Flow | $2,162 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,431 |
| Total Monthly Debt Service | $4,015 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
9,375 sqft 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
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
Single Family
Built in 1960
9,375 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices