10 Pine Street NLake GroveNY11755
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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 Lake Grove at 10 Pine Street N, Lake Grove, NY, 11755 with 5% annual appreciation on a $739,000 basis while $5,640/mo rent supports operations. Total monthly income totals $5,640/mo and a $3,617/mo payment preserves $705/mo for cash returns. Annual cash flow comes to $8,461/yr on $243,131 deployed, and return on cash invested reaches 23.54% in year one. Equity gained on principal adds $4,769/yr, and five-year appreciation sums $204,172 alongside rental yield of 9.16%. Five-year ROI measures 122.94% and total cumulative return in cash totals $298,904.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,640/mo property income versus a $3,617/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1935
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11755, Lake Grove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,412 (77.8%) |
| Renter Occupied HU | 781 (17.8%) |
| Vacant Housing Units | 193 ( 4.4%) |
| Median Home Value | $625,119 |
| Average Home Value | $651,627 |
Housing Distribution
Address Breakdown
Residential
4,303
Single Family
3,860
Multi-Family
443
Businesses
465
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Listed by: Robert Satter • Showcase of Long Island Realty
Mls Name: OneKey MLS
Mls ID: #935432