18 Sarah DrLake 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 18 Sarah Dr, Lake Grove, NY, 11755 earns from $3,964/mo rent with a $3,177/mo payment. Total monthly income totals $3,964/mo. ROI tracks 17.98% on current figures, and rental yield reads 7.33% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 93.11% and total cumulative return in cash sums $198,804. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,964/mo property income instead of your personal income.
Single Family
Built in 1960
8,712 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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