298 Avenue BRonkonkomaNY11779
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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
Rental property for sale in Ronkonkoma at 298 Avenue B, Ronkonkoma, NY, 11779 priced at $699,000 converts $4,769/mo rent into $101/mo cash flow after a $3,421/mo obligation. Total monthly income equals $4,769/mo, and annual cash flow totals $1,217/yr on $229,971 invested. Return on cash invested prints 20.59% in year one, and rental yield reads 8.19% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 107.11% and total cumulative return in cash sums $246,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,769/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11779, Ronkonkoma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,049 (100%) |
| Owner Occupied HU | 10,141 (67.4%) |
| Renter Occupied HU | 3,771 (25.1%) |
| Vacant Housing Units | 1,137 ( 7.6%) |
| Median Home Value | $541,987 |
| Average Home Value | $585,166 |
Housing Distribution
Address Breakdown
Residential
13,338
Single Family
11,830
Multi-Family
1,508
Businesses
1,785
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Listed by: Matthew Parmiter • Advantage Homes
Mls Name: NY State MLS
Mls ID: #11612464