68 Lake PromenadeRonkonkomaNY11779
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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 Ronkonkoma at 68 Lake Promenade, Ronkonkoma, NY, 11779 offers $5,033/mo rent that, after a $3,572/mo payment, leaves $159/mo cash flow. Total monthly income is $5,033/mo, and annual cash flow is $1,912/yr on $240,133 cash. Return on cash invested measures 20.86% in year one, and rental yield stands at 8.27% at a $729,888 entry. Equity gained on principal adds $4,710/yr while 5% annual appreciation compounds into $201,655 by year five. Five-year ROI records 108.54% and total cumulative return in cash reaches $260,631. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,033/mo property income versus a $3,572/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1984
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11779, Ronkonkoma, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,049 (100%) |
| Owner Occupied HU | 10,141 (67.4%) |
| Renter Occupied HU | 3,771 (25.1%) |
| Vacant Housing Units | 1,137 ( 7.6%) |
| Median Home Value | $541,987 |
| Average Home Value | $585,166 |
Housing Distribution
Address Breakdown
Residential
13,338
Single Family
11,830
Multi-Family
1,508
Businesses
1,785
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Listed by: Joseph Lombardo • LOMBARDO HOMES & ESTATES
Mls Name: NY State MLS
Mls ID: #11633940