159 East DriveMassapequaNY11758
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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 159 East Drive, Massapequa, NY, 11758 generates $4,443/mo in rent, after a $5,824/mo payment. Total monthly income is $4,443/mo. Return on cash invested sits at 9.47% in year one, and rental yield is 4.48% on a $1,190,000 entry. Equity gained on principal adds $7,679/yr, while 5% annual appreciation builds toward $328,775 over five years. Five-year ROI reaches 47.4% and total cumulative return in cash sums $182,752. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,443/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
10,360 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: Craig Stegner • Desimone Real Estate
Mls Name: OneKey MLS
Mls ID: #948466