96 Church Dr · Mastic Beach, NY 11951

$529,000

4 bd · 2.5 ba · 2,214 sqft · SingleFamily public records · 55 Days on market

Built 2000 0.50 ac lot $239/sqft · 12% below area Est $600k · 12% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +12.8/15.0
• Appreciation +10.0/10.0
• Schools +4.7/10.0
• Cash flow +4.3/30.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Opportunity awaits you in New York. Local attractions in the area include the William Floyd Estate and Wertheim National Wildlife Refuge. Home was built in 2000 and has 2,214 sq.ft. AS-IS SALE property. The Buyer's due diligence needs to be conducted prior to bidding, as the high bidder will receive an AS-IS only contract.

Key facts

• 0.5 acre lot
• 2 garage spots
• Built 2000

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $529k.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $341k (35.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $380k (28.2% below list).
• Recommended offer: $341k (35.5% below list) — sets the bar for cash-flow.
• Cap rate 3.1% vs local median 4.7% in Mastic Beach — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 61/100 on livability (#936 in NY) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+; Watch: crime D, amenities F, commute F.
• William Floyd Union Free School District (suburban): math 48% / reading 57% proficiency, ranked #309 of 590 in NY (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Tangier Smith Elementary School (math 43% / reading 54%, grade D, #1,181 of 2,108 statewide, top 56%, 755 students, 61% FRL); William Paca Middle School (math 31% / reading 37%, grade F, #497 of 729 statewide, top 69%, 1,009 students, 59% FRL); William Floyd High School (math 65% / reading 87%, grade A-, #616 of 1,100 statewide, top 57%, 3,013 students, 54% FRL) — zoned schools average 58% FRL vs 43% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 135 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• In year one you build about $57k of equity ($4k loan paydown + $53k appreciation (10.0% local appreciation)).
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$91k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($513k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $400k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y — expect insurance premiums to compound above CPI over the hold.

Recommended offer $341,442 (35.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.72% ✗
• Cap rate: 3.08%
• Cash-on-cash: -11.47%
• DSCR: 0.49
• GRM: 11.6

CMA / ARV

• ARV (median comp): $600,278
• List price: $529,000
• Delta: -11.87%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
295 Whittier Dr	0.19mi	4/2.0	2,005 (-9%)	9mo	$610,000	$304	66
24 Lonscreek Pl	0.48mi	4/2.5	1,984 (-10%)	2mo	$515,000	$260	59
59 Riverside Ave	0.63mi	3/2.0 (-1)	2,224 (+0%)	6mo	$529,000	$238	58
130 Washington Ave	0.35mi	4/1.5	2,100 (-5%)	17mo	$520,000	$248	57
218 Wavecrest Dr	0.36mi	4/2.0	1,908 (-14%)	4mo	$560,000	$294	54
275 Mckinley Dr	0.57mi	3/2.0 (-1)	2,300 (+4%)	15mo	$475,000	$207	48
188 Washington Ave	0.67mi	4/2.5	2,522 (+14%)	5mo	$600,000	$238	41
6 Oak Pl	0.29mi	3/2.0 (-1)	1,910 (-14%)	19mo	$480,000	$251	41
8 Estate Dr	0.70mi	3/2.5 (-1)	2,300 (+4%)	22mo	$710,000	$309	38
11 President Rd	0.68mi	3/3.0 (-1)	1,900 (-14%)	10mo	$583,000	$307	30
27 Grassmere Dr	0.71mi	3/1.0 (-1)	1,909 (-14%)	23mo	$410,000	$215	14

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.3%
• Equity multiple: 2.34×
• Total profit: $198,496
• Equity at exit: $476,565

10-year hold

• IRR: 15.7%
• Equity multiple: 5.43×
• Total profit: $656,466
• Equity at exit: $1,027,731

Cash invested: $148,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11951

• Home prices YoY: 4.3%
• Active inventory: 135
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $3,800 medium
• Mortgage (P&I): −$2,774
• Tax from tax record: −$1,423 /mo · $17,072/yr
• Insurance: −$220
• HOA: −$0
• Vacancy / Maint / Mgmt: −$798
• Net cashflow: $-1,415

Break-even live

Break-even rent $5,591

Max offer price $341,442

Occupancy floor —

Sensitivity live

Price	-10% $-1,116	-5% $-1,265	+0% $-1,415	+5% $-1,565	+10% $-1,715
Rent	-10% $-1,715	-5% $-1,565	+0% $-1,415	+5% $-1,265	+10% $-1,115
Rate	-1.0pp $-1,149	-0.5pp $-1,281	base $-1,415	+0.5pp $-1,552	+1.0pp $-1,692

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $132,250
• Closing costs: $15,870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
192 Cypress Dr Mastic Beach, NY	4.0	2.0	1404	$3,800	$2.71	45d	1	0.62mi

Listing history 3 events

1. 2026-04-21
   price $529,000 324-char remark

   Show marketing remark (324 chars)

   Opportunity awaits you in New York. Local attractions in the area include the William Floyd Estate and Wertheim National Wildlife Refuge. Home was built in 2000 and has 2,214 sq.ft. AS-IS SALE property. The Buyer's due diligence needs to be conducted prior to bidding, as the high bidder will receive an AS-IS only contract.

2. 2026-04-01
   listed $556,500 Active 324-char remark

   Show marketing remark (324 chars)

   Opportunity awaits you in New York. Local attractions in the area include the William Floyd Estate and Wertheim National Wildlife Refuge. Home was built in 2000 and has 2,214 sq.ft. AS-IS SALE property. The Buyer's due diligence needs to be conducted prior to bidding, as the high bidder will receive an AS-IS only contract.

3. 2006-07-05
   soldstatus $400,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $17,072 · $1,423/mo
• Projected year-2 tax: $17,072 · $1,423/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,600
• − Mortgage interest: −$29,632
• − Property taxes: −$17,072
• − Insurance: −$2,645
• − Repairs & maintenance: −$3,648
• − Management: −$3,648
• − Depreciation: −$15,389
• Taxable loss: −$26,434
• Est. tax savings @ 24.0%: +$6,344
• After-tax cash flow: $-10,638/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: William Floyd Union Free School District
• NCES district ID: 3618690
• Math proficiency: 48% ▲ 3.00%
• Reading proficiency: 57% ▲ 11.00%
• Median HH income: $70,564
• Composite: 46.79/100
• National rank: #2383
• State rank: #309 of 590 in NY

Livability — Mastic Beach

• Score: 61/100
• State rank: #936
• US rank: #18216

Category grades

Amenities F Commute F Cost of living F Crime D Employment A+ Housing A+ Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mastic Beach, NY
• City population: 15,830
• Population (ZIP): 15,830

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 17% Two or more races 9% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 10% Other Indo-European 3% Chinese 1%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 34.46%
• Current HPI: 829.86
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+32.2% since first listed

3 events — show timeline

• 2026-04-21 Price Changed $529,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-01 Listed $556,500 OneKey® MLS as Distributed by MLS Grid
• 2006-07-05 Sold (Public Records) $400,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $17,072 · +0.0% YoY. Source: county tax records.