108 N Richmond AvenueMassapequaNY11758
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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
Rental property for sale in Massapequa at 108 N Richmond Avenue, Massapequa, NY, 11758 offers $6,310/mo rent that, after a $3,426/mo payment, leaves $1,636/mo cash flow. Total monthly income is $6,310/mo, and annual cash flow is $19,628/yr on $230,297 cash. Return on cash invested measures 28.58% in year one, and rental yield stands at 10.82% at a $699,990 entry. Equity gained on principal adds $4,517/yr while 5% annual appreciation compounds into $193,394 by year five. Five-year ROI records 149.97% and total cumulative return in cash reaches $345,373. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,310/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11758, Massapequa, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,896 (100%) |
| Owner Occupied HU | 16,503 (87.3%) |
| Renter Occupied HU | 1,793 ( 9.5%) |
| Vacant Housing Units | 600 ( 3.2%) |
| Median Home Value | $664,568 |
| Average Home Value | $715,955 |
Housing Distribution
Address Breakdown
Residential
18,136
Single Family
17,872
Multi-Family
264
Businesses
1,371
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Listed by: Angela Prince • Sell Fast Realty Corp
Mls Name: OneKey MLS
Mls ID: #927930