69 Cedarhurst AvenuePoint LookoutNY11569
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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 Point Lookout at 69 Cedarhurst Avenue, Point Lookout, NY, 11569 generates $4,720/mo in rent, after a $7,831/mo payment. Total monthly income is $4,720/mo. Return on cash invested sits at 6.56% in year one, and rental yield is 3.54% on a $1,599,999 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation builds toward $442,050 over five years. Five-year ROI reaches 31.83% and total cumulative return in cash sums $165,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,720/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
2,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11569, Point Lookout, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,102 (100%) |
| Owner Occupied HU | 727 (66.0%) |
| Renter Occupied HU | 177 (16.1%) |
| Vacant Housing Units | 198 (18.0%) |
| Median Home Value | $934,315 |
| Average Home Value | $1,044,072 |
Housing Distribution
Address Breakdown
Residential
125
Single Family
125
Multi-Family
0
Businesses
68
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Listed by: Paul A. Gomez • Point Realty
Mls Name: OneKey MLS
Mls ID: #902996