303 Orchid DriveMastic BeachNY11951
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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 Beach at 303 Orchid Drive, Mastic Beach, NY, 11951 offers $2,823/mo rent that, after a $1,953/mo payment, leaves $158/mo cash flow. Total monthly income is $2,823/mo, and annual cash flow is $1,901/yr on $132,269 cash. Return on cash invested measures 21.35% in year one, and rental yield stands at 8.49% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 111.2% and total cumulative return in cash reaches $147,086. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,823/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.25 Acres 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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Listed by: Theodore Gounelas CBR • Coldwell Banker M&D Good Life
Mls Name: OneKey MLS
Mls ID: #910619