24 Grover LaneEast NorthportNY11731
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in East Northport at 24 Grover Lane, East Northport, NY, 11731 generates $4,892/mo in rent and, after a $3,035/mo payment, leaves $751/mo in cash flow. Total monthly income is $4,892/mo, and annual cash flow is $9,016/yr on $203,980 invested. Return on cash invested sits at 24.48% in year one, and rental yield is 9.47% on a $619,999 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation builds toward $171,294 over five years. Five-year ROI reaches 127.98% and total cumulative return in cash sums $261,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,892/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11731, East Northport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,767 (100%) |
| Owner Occupied HU | 9,316 (86.5%) |
| Renter Occupied HU | 1,061 ( 9.9%) |
| Vacant Housing Units | 390 ( 3.6%) |
| Median Home Value | $653,565 |
| Average Home Value | $708,872 |
Housing Distribution
Address Breakdown
Residential
10,064
Single Family
10,033
Multi-Family
31
Businesses
764
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Savita Ramphal • Island Group Realty Inc
Mls Name: OneKey MLS
Mls ID: #906609