232 Cleft RoadMill NeckNY11765
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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 Mill Neck at 232 Cleft Road, Mill Neck, NY, 11765 projects strong ROI of 18.7%. Rental yield 7.47%. With 5% annual appreciation, the property builds $1,125,847 in value over five years. Equity growth combined delivers a projected five-year ROI of 96.89%, translating into $1,279,217 in total cumulative return on $1,320,300 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1970
5.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11765, Mill Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 162 (70.4%) |
| Renter Occupied HU | 34 (14.8%) |
| Vacant Housing Units | 34 (14.8%) |
| Median Home Value | $1,865,385 |
| Average Home Value | $1,639,892 |
Housing Distribution
Address Breakdown
Residential
225
Single Family
225
Multi-Family
0
Businesses
30
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Listed by: Christina F. Porter GRI CBR • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3579080
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 00:13:06 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)