4 Saint James RdLake GroveNY11755
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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 Lake Grove at 4 Saint James Rd, Lake Grove, NY, 11755 generates $4,848/mo in rent and, after a $3,121/mo payment, leaves $590/mo in cash flow. Total monthly income is $4,848/mo, and annual cash flow is $7,077/yr on $209,803 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.12% on a $637,700 entry. Equity gained on principal adds $4,115/yr, while 5% annual appreciation builds toward $176,185 over five years. Five-year ROI reaches 122.35% and total cumulative return in cash sums $256,696. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,848/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11755, Lake Grove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,412 (77.8%) |
| Renter Occupied HU | 781 (17.8%) |
| Vacant Housing Units | 193 ( 4.4%) |
| Median Home Value | $625,119 |
| Average Home Value | $651,627 |
Housing Distribution
Address Breakdown
Residential
4,303
Single Family
3,860
Multi-Family
443
Businesses
465
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