38 Midland AvenueMasticNY11950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Mastic at 38 Midland Avenue, Mastic, NY, 11950 earns $65/mo cash flow from $2,730/mo rent with a $1,953/mo payment. Total monthly income totals $2,730/mo, and annual cash flow totals $785/yr on $132,269 capital. ROI tracks 20.5% on current figures, and rental yield reads 8.21% at a $399,000 purchase. Equity gained on principal adds $2,575/yr, and 5% annual appreciation supports $110,236 over five years. Five-year ROI reaches 106.68% and total cumulative return in cash sums $141,110. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,730/mo property income instead of your personal income.
Single Family
Built in 1974
7,841 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices