9 Grossman StreetMelvilleNY11747
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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
Investment property for sale in Melville at 9 Grossman Street, Melville, NY, 11747 listed at $1,058,000 pairs $4,380/mo rent with a $5,178/mo payment. Total monthly income runs $4,380/mo. Return on cash invested measures 10.97% in year one, and rental yield registers 4.97% at a $1,058,000 basis. Equity gained on principal adds $6,827/yr, and annual property appreciation at 5% supports $292,306 by year five. Five-year ROI tracks 55.48% and total cumulative return in cash totals $190,173. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,380/mo property income relative to a $5,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11747, Melville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,945 (100%) |
| Owner Occupied HU | 6,327 (79.6%) |
| Renter Occupied HU | 1,193 (15.0%) |
| Vacant Housing Units | 425 ( 5.3%) |
| Median Home Value | $831,921 |
| Average Home Value | $903,171 |
Housing Distribution
Address Breakdown
Residential
7,762
Single Family
7,762
Multi-Family
0
Businesses
1,620
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