29 Aspen RoadRocky PointNY11778
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 Rocky Point at 29 Aspen Road, Rocky Point, NY, 11778 priced at $499,888 converts $5,113/mo rent into $1,775/mo cash flow after a $2,447/mo obligation. Total monthly income equals $5,113/mo, and annual cash flow totals $21,294/yr on $165,713 invested. Return on cash invested prints 32.76% in year one, and rental yield reads 12.27% against a $499,888 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,110 by year five. Five-year ROI reaches 172.39% and total cumulative return in cash sums $285,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,113/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11778, Rocky Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,110 (100%) |
| Owner Occupied HU | 3,966 (77.6%) |
| Renter Occupied HU | 664 (13.0%) |
| Vacant Housing Units | 480 ( 9.4%) |
| Median Home Value | $506,745 |
| Average Home Value | $549,643 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,622
Multi-Family
0
Businesses
427
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Nearby investment properties with comparable prices
Listed by: Brenden E. Burns CBR • Realty Connect USA L I Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #863188
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