62 Mahogany RoadRocky PointNY11778
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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 Rocky Point at 62 Mahogany Road, Rocky Point, NY, 11778 offers a 10.43% rental yield on a $659,000 purchase with $5,730/mo rent. Total monthly income registers $5,730/mo, and a $3,225/mo payment leaves $1,330/mo available for distribution. Annual cash flow reaches $15,957/yr on $216,811 to close, and return on cash invested stands at 27.42% in year one. Equity gained on principal adds $4,252/yr while 5% annual appreciation supports $182,070 over five years. Portfolio math shows five-year ROI at 143.73% and total cumulative return in cash at $311,623. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,730/mo property income against a $3,225/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11778, Rocky Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,110 (100%) |
| Owner Occupied HU | 3,966 (77.6%) |
| Renter Occupied HU | 664 (13.0%) |
| Vacant Housing Units | 480 ( 9.4%) |
| Median Home Value | $506,745 |
| Average Home Value | $549,643 |
Housing Distribution
Address Breakdown
Residential
4,622
Single Family
4,622
Multi-Family
0
Businesses
427
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Listed by: Kristen Toffales • Serhant LLC
Mls Name: OneKey MLS
Mls ID: #886987