1006 N 7th Street, New Hyde Park, NY, 11040 | $1,384/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1006 N 7th Street, New Hyde Park, NY, 11040 | $1,384/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1836 sft

83-28 Langdale Street, New Hyde Park, NY, 11040

5 Bed
1 Bath
2276 sft

959 N 5th Street, New Hyde Park, NY, 11040

4 Bed
1 Bath
1408 sft

215 White Avenue, New Hyde Park, NY, 11040

4 Bed
4 Bath
2000 sft

1010 N 6TH, New Hyde Park, NY, 11040

Nearby investment properties with comparable prices

1 Bed
1 Bath
- sft

305 E 24th St APT 12F, New York, NY, 10010

1 Bed
1 Bath
- sft

121 E 23rd St APT 4H, New York, NY, 10010

1 Bed
1 Bath
- sft

305 E 24th St APT 8F, Manhattan, NY, 10010

3 Bed
2 Bath
950 sft

138-22 63 Avenue, Flushing, NY, 11367

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Hyde Park at 1006 N 7th Street, New Hyde Park, NY, 11040 offers a 10.09% rental yield on a $799,000 purchase with $6,720/mo rent. Total monthly income registers $6,720/mo, and a $3,911/mo payment leaves $1,384/mo available for distribution. Annual cash flow reaches $16,609/yr on $262,871 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 138.16% and total cumulative return in cash at $363,186. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,720/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1951

5,200 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming Cape located in the heart of New Hyde Park. This home offers a wonderful layout and incredible potential for anyone looking to settle in one of the areas most desired neighborhoods. The second floor features two bedrooms plus a smaller bonus room that can serve as a third bedroom or a perfect home office, along with a full bathroom. The first floor offers another full bathroom and a comfortable primary bedroom. The main level also includes a full-sized eat-in kitchen with ample space for a large dining area. A beautiful sunroom and an outdoor deck provide additional living and entertaining space as a bonus. The property includes a two-car garage and a fully paved driveway with stunning pavers throughout. The basement is unfinished and ready for your personal touch. The home is gas, extremely well maintained, and includes a washer and dryer, stainless steel appliances, and updated bathrooms. This is a fantastic opportunity for anyone looking for a well-kept home in the highly sought-after New Hyde Park area. With so much potential and such a prime location, this home will not last. Property being sold "as is".

Neighborhood Data

Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,897 (100%)
Owner Occupied HU	11,794 (84.9%)
Renter Occupied HU	1,591 (11.4%)
Vacant Housing Units	512 ( 3.7%)
Median Home Value	$824,675
Average Home Value	$844,167