416 Fir Grove RoadLake RonkonkomaNY11779
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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
Investment property for sale in Lake Ronkonkoma at 416 Fir Grove Road, Lake Ronkonkoma, NY, 11779 uses $180,950 cash to close to unlock $6,326/yr annual cash flow and $527/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $2,692/mo payment keeps the spread at $527/mo. Purchase price stands at $550,000, and rental yield measures 9.16% with $4,200/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 123.04% and total cumulative return in cash records $222,634. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1972
3,920 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: Mohammed Farhanuddin • Legacy Estate Realty
Mls Name: OneKey MLS
Mls ID: #928815