6 Bea StreetLake GroveNY11755
Nearby investment properties with comparable rents
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
Rental property for sale in Lake Grove at 6 Bea Street, Lake Grove, NY, 11755 priced at $849,999 pairs $3,840/mo rent with after a $4,160/mo payment. Total monthly income equals $3,840/mo. Return on cash invested is 12.18% in year one, and rental yield stands at 5.42% on a $849,999 basis. Equity gained on principal adds $5,485/yr, and 5% annual appreciation accumulates to $234,839 by year five. Five-year ROI measures 62.03% and total cumulative return in cash reaches $173,457. For financing, Ziffy Mortgage’s DSCR program evaluates $3,840/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
8,276 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Munoz • Century 21 Icon
Mls Name: OneKey MLS
Mls ID: #954842