1020 Polk AvenueFranklin SquareNY11010
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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 Franklin Square at 1020 Polk Avenue, Franklin Square, NY, 11010 uses $236,880 cash to close to unlock $5,664/yr annual cash flow and $472/mo monthly cash flow. Total monthly income runs $5,280/mo, and a $3,524/mo payment keeps the spread at $472/mo. Purchase price stands at $719,999, and rental yield measures 8.8% with $5,280/mo rent. Return on cash invested shows 22.45% in year one, and 5% annual appreciation builds toward $198,922 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash records $277,339. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,280/mo property income covering a $3,524/mo payment rather than investor’s personal income.
Single Family
Built in 1941
4,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11010, Franklin Square, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,211 (100%) |
| Owner Occupied HU | 6,665 (81.2%) |
| Renter Occupied HU | 1,258 (15.3%) |
| Vacant Housing Units | 288 ( 3.5%) |
| Median Home Value | $674,982 |
| Average Home Value | $719,112 |
Housing Distribution
Address Breakdown
Residential
7,402
Single Family
7,183
Multi-Family
219
Businesses
677
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Listed by: Matthew Vanek • Howard Hanna Coach
Mls Name: OneKey MLS
Mls ID: #937706