9 Craig CtLake 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
Investment property for sale in Lake Grove at 9 Craig Ct, Lake Grove, NY, 11755 earns $419/mo cash flow from $6,422/mo rent with a $4,400/mo payment. Total monthly income totals $6,422/mo, and annual cash flow totals $5,025/yr on $295,771 capital. ROI tracks 21.76% on current figures, and rental yield reads 8.57% at a $899,000 purchase. Equity gained on principal adds $5,801/yr, and 5% annual appreciation supports $248,377 over five years. Five-year ROI reaches 113.37% and total cumulative return in cash sums $335,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,422/mo property income instead of your personal income.
Single Family
Built in 1990
0.65 Acres lot
$N/A/sqft
No 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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Listed by: Steven Bilello • Douglas Elliman
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #814448