1 Michaels LaneGlen HeadNY11545
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Nearby investment properties with comparable prices
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 Glen Head at 1 Michaels Lane, Glen Head, NY, 11545 offers a 14.15% rental yield on a $1,995,000 purchase with $23,520/mo rent. Total monthly income registers $23,520/mo, and a $9,765/mo payment leaves $10,197/mo available for distribution. Annual cash flow reaches $122,367/yr on $646,380 to close, and return on cash invested stands at 39.3% in year one. Equity gained on principal adds $12,873/yr while 5% annual appreciation supports $551,182 over five years. Portfolio math shows five-year ROI at 207.39% and total cumulative return in cash at $1,340,529. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $23,520/mo property income against a $9,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11545, Glen Head, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,307 (100%) |
| Owner Occupied HU | 3,659 (85.0%) |
| Renter Occupied HU | 463 (10.7%) |
| Vacant Housing Units | 185 ( 4.3%) |
| Median Home Value | $1,104,571 |
| Average Home Value | $1,310,718 |
Housing Distribution
Address Breakdown
Residential
4,068
Single Family
4,056
Multi-Family
12
Businesses
344
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Nearby investment properties with comparable prices
Listed by: Ann Hance • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #809249
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