378 Lake Shore BlvdMassapequa ParkNY11762
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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 Massapequa Park at 378 Lake Shore Blvd, Massapequa Park, NY, 11762 offers $7,060/mo rent that, after a $3,872/mo payment, leaves $1,777/mo cash flow. Total monthly income is $7,060/mo, and annual cash flow is $21,327/yr on $260,272 cash. Return on cash invested measures 28.25% in year one, and rental yield stands at 10.71% at a $791,100 entry. Equity gained on principal adds $5,105/yr while 5% annual appreciation compounds into $218,566 by year five. Five-year ROI records 148.22% and total cumulative return in cash reaches $385,773. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,060/mo property income versus a $3,872/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11762, Massapequa Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 7,236 (93.6%) |
| Renter Occupied HU | 282 ( 3.6%) |
| Vacant Housing Units | 213 ( 2.8%) |
| Median Home Value | $652,665 |
| Average Home Value | $704,870 |
Housing Distribution
Address Breakdown
Residential
7,451
Single Family
7,451
Multi-Family
0
Businesses
421
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Nearby investment properties with comparable prices
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