228 BroadwayMassapequa ParkNY11762
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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 Massapequa Park at 228 Broadway, Massapequa Park, NY, 11762 earns $66/mo cash flow from $4,740/mo rent with a $3,426/mo payment. Total monthly income totals $4,740/mo, and annual cash flow totals $788/yr on $230,300 capital. ROI tracks 20.4% on current figures, and rental yield reads 8.13% at a $699,999 purchase. Equity gained on principal adds $4,517/yr, and 5% annual appreciation supports $193,397 over five years. Five-year ROI reaches 106.1% and total cumulative return in cash sums $244,347. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,740/mo property income instead of your personal income.
Single Family
Built in 1954
5,985 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11762, Massapequa Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 7,236 (93.6%) |
| Renter Occupied HU | 282 ( 3.6%) |
| Vacant Housing Units | 213 ( 2.8%) |
| Median Home Value | $652,665 |
| Average Home Value | $704,870 |
Housing Distribution
Address Breakdown
Residential
7,451
Single Family
7,451
Multi-Family
0
Businesses
421
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Listed by: Susan R. Maddaleno • Keller Williams Realty Elite
Mls Name: OneKey MLS
Mls ID: #948993