8 Edgewater 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 8 Edgewater Drive, Mastic Beach, NY, 11951 earns $1,182/mo cash flow from $4,020/mo rent with a $2,080/mo payment. Total monthly income totals $4,020/mo, and annual cash flow totals $14,185/yr on $140,888 capital. ROI tracks 29.98% on current figures, and rental yield reads 11.35% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 157.5% and total cumulative return in cash sums $221,897. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,020/mo property income instead of your personal income.
Single Family
Built in 1948
0.28 Acres 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: Robert Engellau ABR E-PRO • Coldwell Banker M&D Good Life
Mls Name: OneKey MLS
Mls ID: #900732