242 Bayview DriveMastic BeachNY11951
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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 Mastic Beach at 242 Bayview Drive, Mastic Beach, NY, 11951 uses $145,529 cash to close to unlock $21,697/yr annual cash flow and $1,808/mo monthly cash flow. Total monthly income runs $4,740/mo, and a $2,149/mo payment keeps the spread at $1,808/mo. Purchase price stands at $439,000, and rental yield measures 12.96% with $4,740/mo rent. Return on cash invested shows 34.82% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 183.46% and total cumulative return in cash records $266,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,740/mo property income covering a $2,149/mo payment rather than investor’s personal income.
Single Family
Built in 1929
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11951, Mastic Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,580 (65.9%) |
| Renter Occupied HU | 1,332 (24.5%) |
| Vacant Housing Units | 523 ( 9.6%) |
| Median Home Value | $394,057 |
| Average Home Value | $440,557 |
Housing Distribution
Address Breakdown
Residential
4,755
Single Family
4,755
Multi-Family
0
Businesses
163
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Listed by: Bridget Terry • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #921910