47 Shore DriveMastic BeachNY11951
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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 Beach at 47 Shore Drive, Mastic Beach, NY, 11951 offers a 12.85% rental yield on a $323,000 purchase with $3,460/mo rent. Total monthly income registers $3,460/mo, and a $1,581/mo payment leaves $1,303/mo available for distribution. Annual cash flow reaches $15,636/yr on $107,075 to close, and return on cash invested stands at 34.51% in year one. Equity gained on principal adds $2,084/yr while 5% annual appreciation supports $89,239 over five years. Portfolio math shows five-year ROI at 181.77% and total cumulative return in cash at $194,625. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,460/mo property income against a $1,581/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11951, Mastic Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,580 (65.9%) |
| Renter Occupied HU | 1,332 (24.5%) |
| Vacant Housing Units | 523 ( 9.6%) |
| Median Home Value | $394,057 |
| Average Home Value | $440,557 |
Housing Distribution
Address Breakdown
Residential
4,755
Single Family
4,755
Multi-Family
0
Businesses
163
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Nearby investment properties with comparable prices
Listed by: Lina Lopes • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #810439
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