24 Locust RoadWading RiverNY11792
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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 Wading River at 24 Locust Road, Wading River, NY, 11792 offers a 6.73% rental yield on a $637,000 purchase with $3,570/mo rent. 14% in year one. Equity gained on principal adds $4,110/yr while 5% annual appreciation supports $175,991 over five years. Portfolio math shows five-year ROI at 83.28% and total cumulative return in cash at $174,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,570/mo property income against a $3,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11792, Wading River, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,295 (100%) |
| Owner Occupied HU | 2,712 (82.3%) |
| Renter Occupied HU | 205 ( 6.2%) |
| Vacant Housing Units | 378 (11.5%) |
| Median Home Value | $662,509 |
| Average Home Value | $707,664 |
Housing Distribution
Address Breakdown
Residential
3,011
Single Family
3,011
Multi-Family
0
Businesses
319
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Listed by: Robert Russo • EXIT Realty Premier
Mls Name: OneKey MLS
Mls ID: #932353