3 Lee PlaceMasticNY11950
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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 Mastic at 3 Lee Place, Mastic, NY, 11950 priced at $472,700 converts $4,560/mo rent into $1,403/mo cash flow after a $2,314/mo obligation. Total monthly income equals $4,560/mo, and annual cash flow totals $16,836/yr on $156,700 invested. Return on cash invested prints 30.65% in year one, and rental yield reads 11.58% against a $472,700 entry. Equity gained on principal adds $3,050/yr, while 5% annual appreciation compiles into $130,598 by year five. Five-year ROI reaches 161.13% and total cumulative return in cash sums $252,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,560/mo property income covering a $2,314/mo payment, not borrower’s personal income.
Single Family
Built in 1994
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11950, Mastic, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,985 (100%) |
| Owner Occupied HU | 3,768 (75.6%) |
| Renter Occupied HU | 990 (19.9%) |
| Vacant Housing Units | 227 ( 4.6%) |
| Median Home Value | $418,746 |
| Average Home Value | $440,624 |
Housing Distribution
Address Breakdown
Residential
4,782
Single Family
4,745
Multi-Family
37
Businesses
202
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