74 Nassau StIslip TerraceNY11752
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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 Islip Terrace at 74 Nassau St, Islip Terrace, NY, 11752 offers $3,038/mo rent that, after a $2,741/mo payment. Total monthly income is $3,038/mo. Return on cash invested measures 15.49% in year one, and rental yield stands at 6.51% at a $559,999 entry. Equity gained on principal adds $3,614/yr while 5% annual appreciation compounds into $154,717 by year five. Five-year ROI records 79.76% and total cumulative return in cash reaches $146,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,038/mo property income versus a $2,741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11752, Islip Terrace, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,320 (100%) |
| Owner Occupied HU | 2,707 (81.5%) |
| Renter Occupied HU | 506 (15.2%) |
| Vacant Housing Units | 107 ( 3.2%) |
| Median Home Value | $575,000 |
| Average Home Value | $647,536 |
Housing Distribution
Address Breakdown
Residential
3,141
Single Family
3,141
Multi-Family
0
Businesses
197
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Listed by: Patrick S. Lennon • RE/MAX Edge
Mls Name: BNYMLS
Mls ID: #497534