21 Durham PlLake 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 21 Durham Pl, Lake Grove, NY, 11755 offers a 7.01% rental yield on a $1,062,500 purchase with $6,206/mo rent. 27% in year one. Equity gained on principal adds $6,856/yr while 5% annual appreciation supports $293,549 over five years. Portfolio math shows five-year ROI at 89.27% and total cumulative return in cash at $307,302. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,206/mo property income against a $5,200/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.46 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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Listed by: N/A • N/A
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