10 Mechanic StGlen CoveNY11542
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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 Glen Cove at 10 Mechanic St, Glen Cove, NY, 11542 offers $3,931/mo rent that, after a $5,353/mo payment. Total monthly income is $3,931/mo. Return on cash invested measures 8.95% in year one, and rental yield stands at 4.31% at a $1,093,700 entry. Equity gained on principal adds $7,057/yr while 5% annual appreciation compounds into $302,169 by year five. Five-year ROI records 44.63% and total cumulative return in cash reaches $158,158. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,931/mo property income versus a $5,353/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1989
10,802 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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