40 Richmond Boulevard #3BRonkonkomaNY11779
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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 Ronkonkoma at 40 Richmond Boulevard #3B, Ronkonkoma, NY, 11779 generates $2,830/mo in rent and, after a $1,591/mo payment, leaves $659/mo in cash flow. Total monthly income is $2,830/mo, and annual cash flow is $7,913/yr on $107,738 invested. Return on cash invested sits at 27.25% in year one, and rental yield is 10.45% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 142.89% and total cumulative return in cash sums $153,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,830/mo property income rather than buyer’s personal income.
Condo
Built in 1974
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11779, Ronkonkoma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,049 (100%) |
| Owner Occupied HU | 10,141 (67.4%) |
| Renter Occupied HU | 3,771 (25.1%) |
| Vacant Housing Units | 1,137 ( 7.6%) |
| Median Home Value | $541,987 |
| Average Home Value | $585,166 |
Housing Distribution
Address Breakdown
Residential
13,338
Single Family
11,830
Multi-Family
1,508
Businesses
1,785
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Listed by: Kerri Passamenti • Realty Connect USA L I Inc
Mls Name: OneKey MLS
Mls ID: #949051