744 S Long Beach AveFreeportNY11520
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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 Freeport at 744 S Long Beach Ave, Freeport, NY, 11520 priced at $1,423,900 converts $8,224/mo rent into after a $6,969/mo obligation. Total monthly income equals $8,224/mo. Return on cash invested prints 17.03% in year one, and rental yield reads 6.93% against a $1,423,900 entry. Equity gained on principal adds $9,188/yr, while 5% annual appreciation compiles into $393,397 by year five. Five-year ROI reaches 87.96% and total cumulative return in cash sums $405,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,224/mo property income covering a $6,969/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11520, Freeport, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,329 (100%) |
| Owner Occupied HU | 9,150 (63.9%) |
| Renter Occupied HU | 4,539 (31.7%) |
| Vacant Housing Units | 640 ( 4.5%) |
| Median Home Value | $545,325 |
| Average Home Value | $576,137 |
Housing Distribution
Address Breakdown
Residential
13,424
Single Family
10,224
Multi-Family
3,200
Businesses
1,347
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