17 Sterling DriveLake 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 17 Sterling Drive, Lake Grove, NY, 11755 uses $246,747 cash to close to unlock $7,578/yr annual cash flow and $632/mo monthly cash flow. Total monthly income runs $5,640/mo, and a $3,671/mo payment keeps the spread at $632/mo. Purchase price stands at $749,990, and rental yield measures 9.02% with $5,640/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $207,208 over five years. Five-year ROI reaches 120.74% and total cumulative return in cash records $297,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,640/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Single Family
Built in 1964
9,148 sqft 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: Jennifer DaSilva • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #942895