62 Orchid DriveMastic BeachNY11951
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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
Rental property for sale in Mastic Beach at 62 Orchid Drive, Mastic Beach, NY, 11951 offers $2,563/mo rent that, after a $2,100/mo payment. Total monthly income is $2,563/mo. Return on cash invested measures 17.36% in year one, and rental yield stands at 7.17% at a $429,000 entry. Equity gained on principal adds $2,768/yr while 5% annual appreciation compounds into $118,525 by year five. Five-year ROI records 89.81% and total cumulative return in cash reaches $127,729. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,563/mo property income versus a $2,100/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1934
7,841 sqft 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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Listed by: Aracelis Cruz • Professional RE of New York
Mls Name: OneKey MLS
Mls ID: #941880