31 Elm RoadRocky PointNY11778
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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 Rocky Point at 31 Elm Road, Rocky Point, NY, 11778 priced at $499,996 converts $2,954/mo rent into after a $2,447/mo obligation. Total monthly income equals $2,954/mo. Return on cash invested prints 17.12% in year one, and rental yield reads 7.09% against a $499,996 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,140 by year five. Five-year ROI reaches 88.55% and total cumulative return in cash sums $146,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,954/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11778, Rocky Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,110 (100%) |
| Owner Occupied HU | 3,966 (77.6%) |
| Renter Occupied HU | 664 (13.0%) |
| Vacant Housing Units | 480 ( 9.4%) |
| Median Home Value | $506,745 |
| Average Home Value | $549,643 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,622
Multi-Family
0
Businesses
427
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Listed by: Laura M. Cochran • BERKSHIRE HATHAWAY
Mls Name: OneKey MLS
Mls ID: #903989