111 Cherry Valley Avenue UNIT 522Garden CityNY11530
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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 Garden City at 111 Cherry Valley Avenue UNIT 522, Garden City, NY, 11530 listed at $1,600,000 pairs $9,677/mo rent with a $7,831/mo payment. Total monthly income runs $9,677/mo. Return on cash invested measures 10.43% in year one, and rental yield registers 7.26% at a $1,600,000 basis. Equity gained on principal adds $10,325/yr, and annual property appreciation at 5% supports $442,051 by year five. Five-year ROI tracks 55.31% and total cumulative return in cash totals $286,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,677/mo property income relative to a $7,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
7.90 Acres lot
$N/A/sqft
$3,288 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11530, Garden City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 8,533 (85.9%) |
| Renter Occupied HU | 981 ( 9.9%) |
| Vacant Housing Units | 423 ( 4.3%) |
| Median Home Value | $962,312 |
| Average Home Value | $1,087,331 |
Housing Distribution
Address Breakdown
Residential
9,698
Single Family
8,487
Multi-Family
1,211
Businesses
2,190
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Listed by: Nancy J Giannone • Howard Hanna Coach
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3534464
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