70 Spar 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 70 Spar Drive, Mastic Beach, NY, 11951 uses $140,887 cash to close to unlock $14,185/yr annual cash flow and $1,182/mo monthly cash flow. Total monthly income runs $4,020/mo, and a $2,080/mo payment keeps the spread at $1,182/mo. Purchase price stands at $424,999, and rental yield measures 11.35% with $4,020/mo rent. Return on cash invested shows 29.98% in year one, and 5% annual appreciation builds toward $117,419 over five years. Five-year ROI reaches 157.5% and total cumulative return in cash records $221,896. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,020/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1975
6,098 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: Adrianne Faranda CBR • Realty Connect USA L I Inc
Mls Name: OneKey MLS
Mls ID: #911459