757 Spring Lake DriveMiddle IslandNY11953
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
Investment Highlights
Investment property for sale in Middle Island at 757 Spring Lake Drive, Middle Island, NY, 11953 at $439,000 posts ROI 21.12% with $147/mo cash flow from $3,079/mo rent. Total monthly income equals $3,079/mo, and annual cash flow records $1,765/yr on $145,529 to close. Return on cash invested measures 21.12% and rental yield reads 8.42% at the current $439,000. Equity gained on principal adds $2,833/yr, and 5% annual appreciation supports $121,288 by year five. Five-year ROI prints 110.01% and total cumulative return in cash totals $160,100.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,079/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1995
2,614 sqft lot
$N/A/sqft
No 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: Paul A. Musso SFR • Realty Connect USA L I Inc
Mls Name: OneKey MLS
Mls ID: #942332