20 Richmond BlvdLake 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 20 Richmond Blvd, Lake Grove, NY, 11755 listed at $739,600 pairs $6,238/mo rent with a $3,620/mo payment to leave $1,299/mo cash flow. Total monthly income runs $6,238/mo, and annual cash flow reaches $15,589/yr on $243,328 cash to close. Return on cash invested measures 26.47% in year one, and rental yield registers 10.12% at a $739,600 basis. Equity gained on principal adds $4,773/yr, and annual property appreciation at 5% supports $204,338 by year five. Five-year ROI tracks 138.63% and total cumulative return in cash totals $337,324. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,238/mo property income relative to a $3,620/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.52 Acres 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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