60 Southgate CircleMassapequa ParkNY11762
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 Massapequa Park at 60 Southgate Circle, Massapequa Park, NY, 11762 offers $4,062/mo rent that, after a $3,908/mo payment. Total monthly income is $4,062/mo. Return on cash invested measures 11.41% in year one, and rental yield stands at 6.1% at a $798,500 entry. Equity gained on principal adds $5,153/yr while 5% annual appreciation compounds into $220,611 by year five. Five-year ROI records 58.94% and total cumulative return in cash reaches $154,841. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,062/mo property income versus a $3,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
1,562 sqft lot
$N/A/sqft
$623 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11762, Massapequa Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,731 (100%) |
| Owner Occupied HU | 7,236 (93.6%) |
| Renter Occupied HU | 282 ( 3.6%) |
| Vacant Housing Units | 213 ( 2.8%) |
| Median Home Value | $652,665 |
| Average Home Value | $704,870 |
Housing Distribution
Address Breakdown
Residential
7,451
Single Family
7,451
Multi-Family
0
Businesses
421
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Nearby investment properties with comparable prices
Listed by: Michele Goodman • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #848502
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