55 Driftwood DrivePort WashingtonNY11050
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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 Port Washington at 55 Driftwood Drive, Port Washington, NY, 11050 with 5% annual appreciation on a $1,350,000 basis while $14,580/mo rent supports operations. Total monthly income totals $14,580/mo and a $6,608/mo payment preserves $5,565/mo for cash returns. Annual cash flow comes to $66,774/yr on $437,400 deployed, and return on cash invested reaches 35.64% in year one. Equity gained on principal adds $8,711/yr, and five-year appreciation sums $372,980 alongside rental yield of 12.96%. Five-year ROI measures 187.74% and total cumulative return in cash totals $821,153.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $14,580/mo property income versus a $6,608/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
6,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11050, Port Washington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,976 (100%) |
| Owner Occupied HU | 7,573 (63.2%) |
| Renter Occupied HU | 3,694 (30.8%) |
| Vacant Housing Units | 709 ( 5.9%) |
| Median Home Value | $988,902 |
| Average Home Value | $1,161,958 |
Housing Distribution
Address Breakdown
Residential
11,462
Single Family
10,102
Multi-Family
1,360
Businesses
1,262
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Listed by: Susan B. Cacioppo CBR • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #933148