100 Garvies Point Road #1024Glen 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
Investment property for sale in Glen Cove at 100 Garvies Point Road #1024, Glen Cove, NY, 11542 listed at $1,698,000 pairs $4,620/mo rent with a $8,311/mo payment. Total monthly income runs $4,620/mo. Return on cash invested measures 5.71% in year one, and rental yield registers 3.27% at a $1,698,000 basis. Equity gained on principal adds $10,957/yr, and annual property appreciation at 5% supports $469,126 by year five. Five-year ROI tracks 27.28% and total cumulative return in cash totals $150,063. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,620/mo property income relative to a $8,311/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
N/A 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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