29 Edgewater DriveMastic BeachNY11951
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
Investment property for sale in Mastic Beach at 29 Edgewater Drive, Mastic Beach, NY, 11951 at $470,000 posts ROI 46.09% with $3,400/mo cash flow from $6,538/mo rent. Total monthly income equals $6,538/mo, and annual cash flow records $40,798/yr on $155,805 to close. Return on cash invested measures 46.09% and rental yield reads 16.69% at the current $470,000. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 by year five. Five-year ROI prints 243.9% and total cumulative return in cash totals $380,013.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,538/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
6,098 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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Nearby investment properties with comparable prices
Listed by: DeAnna Spector • Exit Realty All Pro
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3568781
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