763 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 763 Spring Lake Drive, Middle Island, NY, 11953 listed at $449,500 pairs $3,079/mo rent with a $2,200/mo payment to leave $77/mo cash flow. Total monthly income runs $3,079/mo, and annual cash flow reaches $929/yr on $149,009 cash to close. Return on cash invested measures 20.53% in year one, and rental yield registers 8.22% at a $449,500 basis. Equity gained on principal adds $2,901/yr, and annual property appreciation at 5% supports $124,189 by year five. Five-year ROI tracks 106.84% and total cumulative return in cash totals $159,197. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,079/mo property income relative to a $2,200/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol Rodriguez • List 2 Sell Inc
Mls Name: OneKey MLS
Mls ID: #888728