910 Altessa BoulevardMelvilleNY11747
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 Melville at 910 Altessa Boulevard, Melville, NY, 11747 earns from $4,621/mo rent with a $3,813/mo payment. Total monthly income totals $4,621/mo. ROI tracks 17.34% on current figures, and rental yield reads 7.12% at a $779,000 purchase. Equity gained on principal adds $5,027/yr, and 5% annual appreciation supports $215,223 over five years. Five-year ROI reaches 89.67% and total cumulative return in cash sums $229,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,621/mo property income instead of your personal income.
Condo
Built in 2003
1,261 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices