296 Pine StreetFreeportNY11520
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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 Freeport at 296 Pine Street, Freeport, NY, 11520 generates $3,360/mo in rent and, after a $1,958/mo payment, leaves $689/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $8,264/yr on $132,600 invested. Return on cash invested sits at 26.14% in year one, and rental yield is 10.08% on a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 136.91% and total cumulative return in cash sums $181,539. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Townhouse
Built in 1897
10,000 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 11520, Freeport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,329 (100%) |
| Owner Occupied HU | 9,150 (63.9%) |
| Renter Occupied HU | 4,539 (31.7%) |
| Vacant Housing Units | 640 ( 4.5%) |
| Median Home Value | $545,325 |
| Average Home Value | $576,137 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
10,224
Multi-Family
3,200
Businesses
1,347
Price History
Date | Event | Price |
|---|---|---|
| 2008-03-21 | Sold | $350,000 |
| 2007-09-06 | Sold | $466,177 |
| 2006-05-01 | Sold | $550,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-06 | N/A | N/A | $650 | N/A |
| 2022-06-06 | N/A | N/A | $650 | N/A |
| 2021-06-06 | $18141.62 | -2.55% | N/A | N/A |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 1897
- Architectural Style: A-Frame
- Building Area: 5,662
- Living Area: 4,521 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Steam
- Cooling: None
- Flooring: N/A
- Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Kitchen
- Exterior Features: N/A
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Bayview Avenue School
- Middle School: John W Dodd Middle School
- High School: Freeport High School
What's Special
Finished
Listed by: SMS Kabir • SMS World Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #821745
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