245 53rd StreetLindenhurstNY11757
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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 Lindenhurst at 245 53rd Street, Lindenhurst, NY, 11757 offers a 8.42% rental yield on a $579,000 purchase with $4,063/mo rent. Total monthly income registers $4,063/mo, and a $2,834/mo payment leaves $196/mo available for distribution. Annual cash flow reaches $2,357/yr on $190,491 to close, and return on cash invested stands at 21.3% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 110.91% and total cumulative return in cash at $211,267. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,063/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11757, Lindenhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,367 (100%) |
| Owner Occupied HU | 11,957 (73.1%) |
| Renter Occupied HU | 3,609 (22.1%) |
| Vacant Housing Units | 801 ( 4.9%) |
| Median Home Value | $576,479 |
| Average Home Value | $604,034 |
Housing Distribution
Address Breakdown
Residential
13,911
Single Family
13,397
Multi-Family
514
Businesses
1,223
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Listed by: Lynne M. McCartney CBR • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #951625