824 Birchwood Park DriveMiddle IslandNY11953
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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
Rental property for sale in Middle Island at 824 Birchwood Park Drive, Middle Island, NY, 11953 priced at $474,000 converts $4,548/mo rent into $1,383/mo cash flow after a $2,320/mo obligation. Total monthly income equals $4,548/mo, and annual cash flow totals $16,592/yr on $157,131 invested. Return on cash invested prints 30.47% in year one, and rental yield reads 11.51% against a $474,000 entry. Equity gained on principal adds $3,059/yr, while 5% annual appreciation compiles into $130,957 by year five. Five-year ROI reaches 160.1% and total cumulative return in cash sums $251,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,548/mo property income covering a $2,320/mo payment, not borrower’s personal income.
Condo
Built in 1991
2,178 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: Jamie DelCore • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #948381