141 Southgate DriveMassapequa ParkNY11762
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 Massapequa Park at 141 Southgate Drive, Massapequa Park, NY, 11762 at $690,000 posts ROI 24.55% with $850/mo cash flow from $6,031/mo rent. Total monthly income equals $6,031/mo, and annual cash flow records $10,194/yr on $227,010 to close. Return on cash invested measures 24.55% and rental yield reads 10.49% at the current $690,000. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 by year five. Five-year ROI prints 129.46% and total cumulative return in cash totals $293,876.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,031/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1981
1,475 sqft lot
$N/A/sqft
$574 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11762, Massapequa Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 7,236 (93.6%) |
| Renter Occupied HU | 282 ( 3.6%) |
| Vacant Housing Units | 213 ( 2.8%) |
| Median Home Value | $652,665 |
| Average Home Value | $704,870 |
Housing Distribution
Address Breakdown
Residential
7,451
Single Family
7,451
Multi-Family
0
Businesses
421
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Nearby investment properties with comparable prices
Listed by: Michael E. Alpert • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #860969
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 01:13:11 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)