24 Richmond Boulevard #4BRonkonkomaNY11779
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 24 Richmond Boulevard #4B, Ronkonkoma, NY, 11779 in Ronkonkoma, $450,000, 9.86% gross yield, $111/mo net income. Consider it a market-entry position, the $3,696/mo rent covers the $2,023/mo payment with a margin, and 5%/yr appreciation is projected to add $124,327 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.83) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $216,096.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $111 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,696 |
| Total Monthly Debt Service | $2,826 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11779, Ronkonkoma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,049 (100%) |
| Owner Occupied HU | 10,141 (67.4%) |
| Renter Occupied HU | 3,771 (25.1%) |
| Vacant Housing Units | 1,137 ( 7.6%) |
| Median Home Value | $541,987 |
| Average Home Value | $585,166 |
Housing Distribution
Address Breakdown
Residential
13,338
Single Family
11,830
Multi-Family
1,508
Businesses
1,785
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
Condo
Built in 1974
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11779, Ronkonkoma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,049 (100%) |
| Owner Occupied HU | 10,141 (67.4%) |
| Renter Occupied HU | 3,771 (25.1%) |
| Vacant Housing Units | 1,137 ( 7.6%) |
| Median Home Value | $541,987 |
| Average Home Value | $585,166 |
Housing Distribution
Address Breakdown
Residential
13,338
Single Family
11,830
Multi-Family
1,508
Businesses
1,785
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: OneKey MLS as distributed by MLS GRID
Mls ID: #981626