98 Lakebridge Drive NKings ParkNY11754
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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 Kings Park at 98 Lakebridge Drive N, Kings Park, NY, 11754 offers $3,954/mo rent that, after a $3,426/mo payment. Total monthly income is $3,954/mo. Return on cash invested measures 16.31% in year one, and rental yield stands at 6.78% at a $699,990 entry. Equity gained on principal adds $4,517/yr while 5% annual appreciation compounds into $193,394 by year five. Five-year ROI records 84.14% and total cumulative return in cash reaches $193,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,954/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
436 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11754, Kings Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,998 (100%) |
| Owner Occupied HU | 5,545 (79.2%) |
| Renter Occupied HU | 1,165 (16.6%) |
| Vacant Housing Units | 288 ( 4.1%) |
| Median Home Value | $628,928 |
| Average Home Value | $657,053 |
Housing Distribution
Address Breakdown
Residential
6,601
Single Family
6,103
Multi-Family
498
Businesses
459
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Listed by: Nicholas Albanese • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #929104