73 Parma RoadIsland ParkNY11558
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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 Island Park at 73 Parma Road, Island Park, NY, 11558 priced at $839,000 pairs $3,780/mo rent with after a $4,106/mo payment. Total monthly income equals $3,780/mo. Return on cash invested is 12.14% in year one, and rental yield stands at 5.41% on a $839,000 basis. Equity gained on principal adds $5,414/yr, and 5% annual appreciation accumulates to $231,800 by year five. Five-year ROI measures 61.78% and total cumulative return in cash reaches $170,532. For financing, Ziffy Mortgage’s DSCR program evaluates $3,780/mo property income against a $4,106/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11558, Island Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,622 (100%) |
| Owner Occupied HU | 2,170 (59.9%) |
| Renter Occupied HU | 1,242 (34.3%) |
| Vacant Housing Units | 210 ( 5.8%) |
| Median Home Value | $636,537 |
| Average Home Value | $713,471 |
Housing Distribution
Address Breakdown
Residential
3,036
Single Family
2,709
Multi-Family
327
Businesses
366
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Listed by: Ricki G. Noto CBR SFR SRES ABR • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #949529