89 Symphony DriveLake GroveNY11755
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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 Lake Grove at 89 Symphony Drive, Lake Grove, NY, 11755 priced at $655,000 converts $4,262/mo rent into after a $3,206/mo obligation. Total monthly income equals $4,262/mo. Return on cash invested prints 15.87% in year one, and rental yield reads 7.81% against a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation compiles into $180,964 by year five. Five-year ROI reaches 83.09% and total cumulative return in cash sums $179,063. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,262/mo property income covering a $3,206/mo payment, not borrower’s personal income.
Condo
Built in 2006
1,808 sqft lot
$N/A/sqft
$640 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11755, Lake Grove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,386 (100%) |
| Owner Occupied HU | 3,412 (77.8%) |
| Renter Occupied HU | 781 (17.8%) |
| Vacant Housing Units | 193 ( 4.4%) |
| Median Home Value | $625,119 |
| Average Home Value | $651,627 |
Housing Distribution
Address Breakdown
Residential
4,303
Single Family
3,860
Multi-Family
443
Businesses
465
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Nearby investment properties with comparable prices
Listed by: Alanna Buz • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #855882
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