84 Queen Rd · Mastic Beach, NY 11951

$425,000

3 bd · 2.0 ba · 1,102 sqft · SingleFamily public records · 10 Days on market

Built 1974 10,019 sqft lot Est $484k · 12% under

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Why this score? — see what drove the C 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 +13.0/15.0
• Cash flow +12.4/30.0
• Appreciation +10.0/10.0
• Schools +4.7/10.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This Home Is Perfection, It Is A Beautiful 3 Bedroom Home With 2 Full Bathrooms. Wrapped Around this Gem Is A Gorgeous Fenced Yard. Full Basement With Heat. Low Taxes!!

Key facts

• 0.23 acre lot
• Built 1974
• Listed 10 days

Property features AI

Exterior

• Parking: Driveway parking; Off-street parking; Private parking
• Utilities: Electricity available; Electric service by local provider; Sewer: other
• Home design: Single-family residence; One-level home; Actual property condition
• Construction: Frame construction with vinyl siding; Full basement
• Exterior features: Fenced yard; Not a waterfront property

Interior

• Kitchen: Eat-in kitchen; Appliances included (other)
• Bedrooms: Includes a first-floor bedroom
• Bathrooms: 2 full bathrooms
• Heating & cooling: Baseboard heating; Oil heating; Ductless cooling
• Interior features: First-floor bedroom; Eat-in kitchen; Primary bathroom; Master suite on main level; Full attic with pull-down stairs; Double-pane windows; No basement (basement flagged as full elsewhere)
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $425k.

Deal economics

• At list price, monthly cash flow is $-67 ($-804/yr) — negative.
• To cash-flow at today's rent, offer at most $413k (2.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $361k (15.1% below list).
• Recommended offer: $361k (15.1% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.7% in Mastic Beach — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 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).
• Market conditions: 133 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).

Forward outlook

• In year one you build about $45k of equity ($3k loan paydown + $42k 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.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $119k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$73k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $285k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $360,833 (15.1% 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. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.10%
• Cash-on-cash: -0.68%
• DSCR: 0.97
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $483,778
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 Jefferson Dr	0.23mi	3/2.0	1,024 (-7%)	2mo	$560,000	$547	76
289 Jefferson	0.16mi	3/1.0	1,014 (-8%)	2mo	$445,000	$439	74
237 Cypress Dr	0.27mi	3/2.0	1,008 (-8%)	3mo	$465,000	$461	71
181 Cypress Dr	0.09mi	2/1.0 (-1)	1,200 (+9%)	2mo	$276,000	$230	71
8 Barclay Rd	0.18mi	3/1.0	1,000 (-9%)	8mo	$350,000	$350	66
166 Neighborhood Rd	0.34mi	2/1.5 (-1)	1,176 (+7%)	3mo	$463,500	$394	63
129 Lakeview Dr	0.27mi	3/1.0	954 (-13%)	1mo	$515,000	$540	61
139 Washington Ave	0.33mi	3/1.0	1,008 (-8%)	7mo	$470,000	$466	60
161 Washington Dr	0.44mi	3/1.5	1,200 (+9%)	5mo	$440,000	$367	59
152 Dogwood Rd	0.55mi	3/2.0	991 (-10%)	1mo	$525,000	$530	57
142 Daisy Dr	0.43mi	3/1.0	957 (-13%)	8mo	$315,000	$329	47
303 Orchid Dr	0.71mi	3/1.0	1,200 (+9%)	7mo	$478,000	$398	42

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: 23.8%
• Equity multiple: 2.91×
• Total profit: $227,242
• Equity at exit: $382,874

10-year hold

• IRR: 21.1%
• Equity multiple: 6.65×
• Total profit: $672,630
• Equity at exit: $825,682

Cash invested: $119,000 (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: 133
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $3,608 high
• Mortgage (P&I): −$2,229
• Tax from tax record: −$512 /mo · $6,141/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$758
• Net cashflow: $-67

Break-even live

Break-even rent $3,693

Max offer price $413,166

Occupancy floor 97%

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 5 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	44d	1	0.07mi
149 Washington Dr Mastic Beach, NY	3.0	1.0	1152	$3,400	$2.95	1d	1	0.49mi
5 Cedar Rd E Mastic Beach, NY	3.0	1.0	740	$2,900	$3.92	1d	1	0.60mi
12 Hackensack Rd Mastic Beach, NY	3.0	1.0	792	$3,150	$3.98	17d	1	1.38mi
48 Eleanor Ave Mastic, NY	3.0	1.0	975	$3,500	$3.59	24d	1	1.42mi

Listing history 8 events

1. 2026-06-18
   days on market $425,000 Active 10 DOM
2. 2026-06-17
   days on market $425,000 Active 9 DOM
3. 2026-06-16
   days on market $425,000 Active 8 DOM
4. 2026-06-15
   days on market $425,000 Active 7 DOM
5. 2026-06-13
   days on market $425,000 Active 5 DOM
6. 2026-06-13
   days on market $425,000 Active 4 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-10
   listed $425,000 Active 1 DOM

ⓘ 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: $6,141 · $512/mo
• Projected year-2 tax: $6,662 · $555/mo
• Expected delta: +$521/yr (+$43/mo · 8.5%)

ⓘ 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 1/10 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: $43,300
• − Mortgage interest: −$23,807
• − Property taxes: −$6,141
• − Insurance: −$2,125
• − Repairs & maintenance: −$3,464
• − Management: −$3,464
• − Depreciation: −$12,364
• Taxable loss: −$8,064
• Est. tax savings @ 24.0%: +$1,935
• After-tax cash flow: $1,132/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

+470.5% since first listed

18 events — show timeline

• 2026-05-26 Listed $425,000 OneKey® MLS as Distributed by MLS Grid
• 2021-07-12 Sold (Public Records) $285,000 Public Records
• 2021-01-20 Sold (MLS) $301,100 OneKey® MLS as Distributed by MLS Grid
• 2020-10-05 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2020-10-03 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-10-03 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2020-09-24 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-09-19 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2020-09-13 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2020-09-13 Listed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2020-09-02 Coming Soon $279,000 OneKey® MLS as Distributed by MLS Grid
• 2017-03-01 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-10-24 Price Changed $199,000 OneKey® MLS as Distributed by MLS Grid
• 2016-09-30 Price Changed $207,000 OneKey® MLS as Distributed by MLS Grid
• 2016-08-17 Listed $215,000 OneKey® MLS as Distributed by MLS Grid
• 2005-08-23 Sold (Public Records) $253,000 Public Records
• 2004-08-20 Sold (Public Records) $230,000 Public Records
• 2000-03-14 Sold (Public Records) $74,500 Public Records

Property tax history

+0.9%/yr

Latest (2025): $6,141 · +0.0% YoY. Source: county tax records.