119 Cross StreetLocust ValleyNY11560
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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 Locust Valley at 119 Cross Street, Locust Valley, NY, 11560 listed at $569,000 pairs $3,514/mo rent with a $2,785/mo payment. Total monthly income runs $3,514/mo. Return on cash invested measures 18.23% in year one, and rental yield registers 7.41% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 94.45% and total cumulative return in cash totals $176,819. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,514/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
5,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11560, Locust Valley, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,612 (100%) |
| Owner Occupied HU | 1,842 (70.5%) |
| Renter Occupied HU | 555 (21.2%) |
| Vacant Housing Units | 215 ( 8.2%) |
| Median Home Value | $992,929 |
| Average Home Value | $1,257,448 |
Housing Distribution
Address Breakdown
Residential
2,336
Single Family
2,323
Multi-Family
13
Businesses
394
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Listed by: DayAnn R. McManus • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #940345