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2397 Union Blvd Unit 8a
B- Composite 67.9
Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +24.8/30.0
  • ARV discount +11.4/15.0
  • DSCR +8.0/10.0
  • Schools +6.6/10.0
  • 1% rule +6.4/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.5/5.0
  • Appreciation +0.0/10.0

$250,000

2397 Union Blvd Unit 8a · Islip, NY 11751
2 bd · 1.0 ba · 925 sqft · Townhouse · 129 Days on market
Built 1971 Good condition $270/sqft · 9% below area Est $274k · 9% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Affordable 2-Bedroom Ground-Floor Opportunity in Forest Green, Islip! Looking for value in Islip? This 2-bedroom ground-floor co-op in the desirable Forest Green community is a great opportunity for a buyer looking for an affordable home they can make their own. The unit is livable as-is while offering plenty of potential for updating and personalization. Enjoy Forest Green's desirable amenities, including an in-ground heated saltwater pool, fitness center, clubhouse, dog run, on-site laundry, parking, and beautifully maintained grounds. The community is also pet friendly and conveniently located near shopping, restaurants, transportation, and the LIRR.

Key facts

  • Built 1971
  • Listed 128 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath townhouse listed at $250k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $527 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $250k).
  • Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.8% vs local median 3.2% in Islip — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 83/100 on livability (#59 in NY, #878 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
  • Islip Union Free School District (suburban): math 52% / reading 67% proficiency, ranked #186 of 590 in NY (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
  • Zoned schools: Wing Elementary School (379 students, 35% FRL); Islip Middle School (math 32% / reading 52%, grade D-, #379 of 729 statewide, top 54%, 641 students, 37% FRL); Islip High School (math 88% / reading 93%, grade A+, #231 of 1,100 statewide, top 21%, 892 students, 33% FRL) — zoned schools average 35% FRL vs 20% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 147 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
  • Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • It's been on market 129 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.
Recommended offer $220,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 129 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.14% ✓
Cap rate
8.82%
Cash-on-cash
9.03%
DSCR
1.40
GRM
7.3

CMA / ARV

ARV (median comp)
$273,825
List price
$250,000
Delta
-8.70%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2449 Union Blvd Unit 19B 0.14mi 2/1.0 875 (-5%) 9mo $290,000 $331 77
2449 Union Blvd Unit 39B 0.15mi 2/1.0 892 (-4%) 14mo $270,000 $303 76
2453 Union Blvd Unit 37A 0.23mi 1/1.0 (-1) 900 (-3%) 5mo $215,000 $239 76
2445 Union Blvd Unit 7a 0.12mi 1/1.0 (-1) 900 (-3%) 12mo $250,000 $278 75
2439 Union Blvd Unit 1A 0.07mi 2/1.0 1,000 (+8%) 13mo $317,000 $317 73
2453 Union Blvd Apt 21B 0.23mi 2/1.0 1,000 (+8%) 5mo $318,000 $318 71
2449 Union Blvd Unit 10A 0.15mi 1/1.0 (-1) 890 (-4%) 13mo $290,000 $326 71
2417 Union Blvd Unit 3B 0.06mi 1/1.0 (-1) 850 (-8%) 14mo $183,000 $215 67
2417 Union Blvd Unit 2B 0.06mi 1/1.0 (-1) 825 (-11%) 10mo $215,000 $261 66
2435 Union Blvd Unit 7A 0.11mi 1/1.0 (-1) 1,000 (+8%) 12mo $250,000 $250 66
2453 Union Blvd Unit 37B 0.23mi 1/1.0 (-1) 850 (-8%) 12mo $248,500 $292 61
2453A Union Blvd Unit 21A 0.46mi 1/1.0 (-1) 952 (+3%) 14mo $270,000 $284 57

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
-2.6%
Equity multiple
0.90×
Total profit
$-6,931
Equity at exit
$37,276
10-year hold
IRR
7.1%
Equity multiple
1.53×
Total profit
$37,324
Equity at exit
$21,615

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
15 Strongly Tenant-Friendly
State New York
15 Strongly Tenant-Friendly · D+10
County
— inherits STATE
City
— inherits STATE
NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
7 active · 13 under contract
Months of supply
21.0 mo (5%/mo absorbed)
Median asking
$239,990 ($293/sqft)
Median days on market
80 d
This list price
57% of active listings are priced below it
ARV vs active asking
+1.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 11751

Active inventory
147
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,853 high interval (Pro) →
Mortgage (P&I)
−$1,311
Tax est. 1.5%
−$312 /mo · $3,750/yr
Insurance
−$104
HOA
−$0
Vacancy / Maint / Mgmt
−$599
Net cashflow
$527

Break-even live

Break-even rent $2,187
Max offer price $250,000
Occupancy floor 77%

Sensitivity live

Price -10% $699 -5% $613 +0% $527 +5% $440 +10% $354
Rent -10% $301 -5% $414 +0% $527 +5% $639 +10% $752
Rate -1.0pp $652 -0.5pp $590 base $527 +0.5pp $462 +1.0pp $396

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$62,500
Closing costs
$7,500
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
29 Buffalo Ave Islip, NY 1.0–2.0 1.0 885 $2,794 $3.16 10d 3 0.18mi
20 Saxon Ave Apt 9 Bay Shore, NY 1.0 1.0 960 $2,580 $2.69 10d 1 0.20mi
9 Willowbrook Ave Apt 10A Bay Shore, NY 1.0 1.0 757 $2,540 $3.36 10d 1 0.24mi
41 Charley's Pl Unit 41 Bay Shore, NY 1.0 1.0 842 $2,850 $3.38 127d 1 0.29mi
403 E Main St Unit 403-1A Bay Shore, NY 1.0 1.0 600 $2,470 $4.12 10d 1 0.55mi
405 E Main St Bay Shore, NY 2.0 1.0–2.0 375 $2,990 $7.97 0d 1 0.55mi
407 E Main St Unit 7A Bay Shore, NY 2.0 2.0 900 $2,950 $3.28 121d 1 0.56mi
407 E Main St Unit 407-3A Bay Shore, NY 2.0 2.0 900 $2,990 $3.32 3d 1 0.56mi
407 E Main St Unit 407-7B Bay Shore, NY 1.0 1.0 600 $2,470 $4.12 71d 1 0.56mi
401 E Main St Unit 401-5A Bay Shore, NY 1.0 1.0 600 $2,470 $4.12 10d 1 0.59mi
587 Main St Unit 2 Islip, NY 2.0 1.0 950 $3,050 $3.21 21d 1 0.68mi
78 Cleveland St Bay Shore, NY 2.0 1.0 976 $3,250 $3.33 0d 1 0.69mi
584 Main St Unit 5 Islip, NY 2.0 2.0 995 $3,900 $3.92 184d 1 0.69mi
584 Main St Unit 1 Islip, NY 1.0 1.0 620 $3,000 $4.84 10d 1 0.69mi
16 Willow Ave Unit 2B Islip, NY 1.0 1.0 900 $3,025 $3.36 10d 1 0.70mi
35 Penataquit Ave Bay Shore, NY 2.0 1.0–1.5 657 $3,150 $4.79 0d 22 0.72mi
140 Nassau Ave Unit 2 Islip, NY 2.0 1.0 525 $1,800 $3.43 38d 1 0.74mi
39 Chapman Pl Bay Shore, NY 3.0 1.0 1026 $2,800 $2.73 3d 1 0.81mi
359 Moffitt Blvd Islip, NY 2.0 1.0 820 $3,950 $4.82 0d 1 0.83mi
700 Justine Ct Bay Shore, NY 1.0 1.0 625 $2,249 $3.60 10d 5 0.84mi
54 Belford Ave Bay Shore, NY 3.0 1.0 1110 $3,500 $3.15 138d 1 0.93mi
11 1st Ave Unit 305 Bay Shore, NY 2.0 2.0 750 $3,150 $4.20 85d 1 1.14mi
12 Garden St Unit 2ND Bay Shore, NY 3.0 1.0 900 $3,300 $3.67 0d 1 1.18mi
39 Bay Shore Ave Bay Shore, NY 1.0 1.0 544 $2,400 $4.41 184d 1 1.26mi
3 W Walnut St Islip, NY 2.0 1.0 1100 $2,700 $2.45 1d 1 1.29mi
14 Perkal St Bay Shore, NY 3.0 2.0 1000 $2,900 $2.90 43d 1 1.30mi
309 Brook Ave Unit 309-1A Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 156d 1 1.33mi
313 Brook Ave Unit 313-2A Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 10d 1 1.34mi
317 Brook Ave Unit 317-2B Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 78d 1 1.35mi
317 Brook Ave Unit 317-1B Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 101d 1 1.35mi
11 Maple Ave Unit 304 Bay Shore, NY 1.0 1.0 733 $3,275 $4.47 85d 1 1.36mi
325 Brook Ave Unit 325-2A Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 184d 1 1.36mi
319 Brook Ave Unit 319-1B Bay Shore, NY 2.0 1.0 900 $3,025 $3.36 74d 1 1.37mi
329 Brook Ave Unit 329-2B Bay Shore, NY 1.0 1.0 700 $2,415 $3.45 10d 1 1.38mi
52 Maple Ave Unit A Bay Shore, NY 2.0 1.0 600 $3,400 $5.67 0d 1 1.40mi
23 June Ct Bay Shore, NY 1.0 1.0 700 $1,900 $2.71 6d 1 1.40mi
143 4th Ave Bay Shore, NY 2.0 1.0–2.5 1091 $6,056 $5.55 0d 17 1.41mi
1 June Ct Unit 2A Bay Shore, NY 1.0 1.0 700 $1,900 $2.71 92d 1 1.42mi
75 Circle Dr Unit 91-305 Bay Shore, NY 1.0 1.0 776 $2,775 $3.58 10d 1 1.46mi
75 Circle Dr Unit 91-105 Bay Shore, NY 1.0 1.0 776 $2,875 $3.70 10d 1 1.46mi

Property features AI

Finance

HOA & community
Pets allowed (cats and dogs allowed; size limits apply)

Exterior

Parking
Common parking (no carport)
Utilities
Public sewerCable availableElectricity availableWater connected
Home design
Stock cooperativeEntry level unit (building entry level 8)
Construction
Brick and frame construction
Exterior features
Brick and frame constructionNot waterfront

Interior

Kitchen
Convection ovenCooktopOvenDishwasherRefrigerator
Bedrooms
Bedroom on the first floor
Bathrooms
One full bathroom
Heating & cooling
Baseboard heatWall/window air conditioning unit(s)
Interior features
First-floor bedroomFirst-floor full bathroom2 total storiesBasement present (no finished basement)
Laundry & utility
Common area laundry

Listing history 50 events

  1. 2026-11-08
    days on market $250,000 Active 129 DOM
  2. 2026-11-07
    days on market $250,000 Active 128 DOM
  3. 2026-11-06
    days on market $250,000 Active 127 DOM
  4. 2026-11-05
    days on market $250,000 Active 126 DOM
  5. 2026-11-04
    days on market $250,000 Active 125 DOM
  6. 2026-11-02
    days on market $250,000 Active 123 DOM
  7. 2026-11-01
    days on market $250,000 Active 122 DOM
  8. 2026-10-31
    days on market $250,000 Active 121 DOM
  9. 2026-10-30
    days on market $250,000 Active 120 DOM
  10. 2026-10-29
    days on market $250,000 Active 119 DOM
  11. 2026-10-28
    days on market $250,000 Active 118 DOM
  12. 2026-10-27
    days on market $250,000 Active 117 DOM
  13. 2026-10-26
    days on market $250,000 Active 116 DOM
  14. 2026-10-26
    days on market $250,000 Active 115 DOM
  15. 2026-10-24
    days on market $250,000 Active 114 DOM
  16. 2026-10-23
    days on market $250,000 Active 113 DOM
  17. 2026-10-22
    days on market $250,000 Active 112 DOM
  18. 2026-10-21
    days on market $250,000 Active 111 DOM
  19. 2026-10-20
    days on market $250,000 Active 110 DOM
  20. 2026-10-19
    days on market $250,000 Active 109 DOM
  21. 2026-10-18
    days on market $250,000 Active 108 DOM
  22. 2026-10-17
    days on market $250,000 Active 107 DOM
  23. 2026-10-16
    days on market $250,000 Active 106 DOM
  24. 2026-10-15
    days on market $250,000 Active 105 DOM
  25. 2026-10-14
    days on market $250,000 Active 104 DOM
  26. 2026-10-13
    days on market $250,000 Active 103 DOM
  27. 2026-10-12
    days on market $250,000 Active 102 DOM
  28. 2026-10-11
    days on market $250,000 Active 101 DOM
  29. 2026-10-10
    days on market $250,000 Active 100 DOM
  30. 2026-10-09
    days on market $250,000 Active 99 DOM
  31. 2026-10-08
    days on market $250,000 Active 98 DOM
  32. 2026-10-08
    days on market $250,000 Active 97 DOM
  33. 2026-10-07
    days on market $250,000 Active 96 DOM
  34. 2026-10-05
    days on market $250,000 Active 95 DOM
  35. 2026-10-04
    days on market $250,000 Active 94 DOM
  36. 2026-10-04
    days on market $250,000 Active 93 DOM
  37. 2026-10-02
    days on market $250,000 Active 92 DOM
  38. 2026-10-01
    days on market $250,000 Active 91 DOM
  39. 2026-09-30
    days on market $250,000 Active 90 DOM
  40. 2026-09-29
    days on market $250,000 Active 89 DOM
  41. 2026-09-28
    days on market $250,000 Active 88 DOM
  42. 2026-09-27
    days on market $250,000 Active 87 DOM
  43. 2026-09-26
    days on market $250,000 Active 86 DOM
  44. 2026-09-25
    days on market $250,000 Active 85 DOM
  45. 2026-09-24
    pricedays on market $250,000 Active 84 DOM
  46. 2026-09-22
    days on market $260,000 Active 82 DOM
  47. 2026-09-21
    days on market $260,000 Active 81 DOM
  48. 2026-09-20
    days on market $260,000 Active 80 DOM
  49. 2026-09-19
    days on market $260,000 Active 79 DOM
  50. 2026-09-18
    days on market $260,000 Active 78 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$34,242
− Mortgage interest
−$14,004
− Property taxes
−$3,750
− Insurance
−$1,250
− Repairs & maintenance
−$2,739
− Management
−$2,739
− Depreciation
−$7,273
Taxable income
$2,487
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$597
After-tax cash flow
$5,722/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $4,625–$13,875 screening

This 2-bedroom condo in Islip NY is in good condition with a good rehab level, ready for minor cosmetic updates to enhance its resale and rental value.

Value-add opportunities

  • Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
  • Both Reorganizing interior layout — Improves flow and functionality ↑
  • Both Upgrading kitchen appliances — Modernizes the space and adds value ↑
  • Both Landscaping improvements — Enhances curb appeal and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 66/100

Zoned Schools

Elementary Wing Elementary School Middle Islip Middle School D- NY #379/729 Nat'l #5,398/14,009 High Islip High School A+ NY #231/1,100 Nat'l #375/17,239

Schools (NCES district)

District
Islip Union Free School District
NCES district ID
3615540
Math proficiency
52% ▼ -7.00%
Reading proficiency
67% ▲ 10.00%
Median HH income
$92,825
Composite
54.7/100
National rank
#1325
State rank
#186 of 590 in NY
A Composite livability gradescore 83/100

Livability — Islip

Score
83/100
State rank
#59
US rank
#878

Category grades

Amenities B Commute A+ Cost of living F Crime B+ Employment A+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Islip, NY
County
Suffolk · 1,505,262 people
City population
13,152
Metro
New York-Newark-Jersey City, NY-NJ
Population (ZIP)
13,152
Household income
$116,328
Rent vs Own
16.6% rent · 83.4% own

Population outlook (Suffolk County) Hauer SSP2

Today (2025)
1,505,262 people
By 2030
1,498,318 · -0.5%
By 2040
1,471,101 · -2.3%
By 2050
1,424,848 · -5.3%
By 2075
1,337,157 · -11.2%
By 2100
1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (75%)
Race & ethnicity
White 75% Hispanic / Latino 15% Two or more races 9% Asian 5% Black 3%
Hispanic origin (detail)
Puerto Rican 7%
Languages at home
89% English-only · Spanish 6% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Suffolk

2024 margin
Lean R (+10.0) · D 45.0% · R 55.0%
2008→2024 swing
-16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
All cycles
2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

Civics
—

Price history

+0.0% since first listed
3 events — show timeline
  • 2026-06-12 Listed $269,000 OneKey® MLS as Distributed by MLS Grid
  • 2026-06-08 Price Changed $269,000 OneKey® MLS as Distributed by MLS Grid
  • 2026-06-08 Coming Soon — OneKey® MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…