70 Reid AvenueRockville CentreNY11570
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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 Rockville Centre at 70 Reid Avenue, Rockville Centre, NY, 11570 offers a 8.43% rental yield on a $1,080,000 purchase with $7,585/mo rent. Total monthly income registers $7,585/mo, and a $5,286/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,476/yr on $349,920 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $6,969/yr while 5% annual appreciation supports $298,384 over five years. Portfolio math shows five-year ROI at 112.72% and total cumulative return in cash at $394,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,585/mo property income against a $5,286/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11570, Rockville Centre, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,987 (100%) |
| Owner Occupied HU | 7,763 (70.7%) |
| Renter Occupied HU | 2,839 (25.8%) |
| Vacant Housing Units | 385 ( 3.5%) |
| Median Home Value | $825,392 |
| Average Home Value | $859,119 |
Housing Distribution
Address Breakdown
Residential
10,445
Single Family
7,444
Multi-Family
3,001
Businesses
998
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Listed by: Corey Gardner • K. Fortuna Realty, Inc.
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #H6320334