69 Locust 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
Investment property for sale in Mastic Beach at 69 Locust Drive, Mastic Beach, NY, 11951 with 5% annual appreciation on a $345,000 basis while $2,355/mo rent supports operations. Total monthly income totals $2,355/mo and a $1,689/mo payment preserves $51/mo for cash returns. Annual cash flow comes to $609/yr on $114,368 deployed, and return on cash invested reaches 20.44% in year one. Equity gained on principal adds $2,226/yr, and five-year appreciation sums $95,317 alongside rental yield of 8.19%. Five-year ROI measures 106.33% and total cumulative return in cash totals $121,612.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,355/mo property income versus a $1,689/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
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: Eric R. Hamm • Corcoran MH, LLC
Mls Name: OneKey MLS
Mls ID: #949364