816 Narragansett Villas Drive #816LindenhurstNY11757
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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 Lindenhurst at 816 Narragansett Villas Drive #816, Lindenhurst, NY, 11757 uses $187,201 cash to close to unlock $3,747/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $4,112/mo, and a $2,785/mo payment keeps the spread at $312/mo. Purchase price stands at $569,000, and rental yield measures 8.67% with $4,112/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $157,204 over five years. Five-year ROI reaches 115.02% and total cumulative return in cash records $215,315. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,112/mo property income covering a $2,785/mo payment rather than investor’s personal income.
Condo
Built in 2004
1,335 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11757, Lindenhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,367 (100%) |
| Owner Occupied HU | 11,957 (73.1%) |
| Renter Occupied HU | 3,609 (22.1%) |
| Vacant Housing Units | 801 ( 4.9%) |
| Median Home Value | $576,479 |
| Average Home Value | $604,034 |
Housing Distribution
Address Breakdown
Residential
13,911
Single Family
13,397
Multi-Family
514
Businesses
1,223
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Listed by: Linda S. Budd • Hopes Quality Home Realty LLC
Mls Name: OneKey MLS
Mls ID: #948608