1114 1st AvenueNew Hyde ParkNY11040
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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 New Hyde Park at 1114 1st Avenue, New Hyde Park, NY, 11040 earns $116/mo cash flow from $6,720/mo rent with a $4,840/mo payment. Total monthly income totals $6,720/mo, and annual cash flow totals $1,398/yr on $325,344 capital. ROI tracks 20.49% on current figures, and rental yield reads 8.15% at a $988,888 purchase. Equity gained on principal adds $6,381/yr, and 5% annual appreciation supports $273,212 over five years. Five-year ROI reaches 106.57% and total cumulative return in cash sums $346,723. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,720/mo property income instead of your personal income.
Multi Family
Built in 1908
1,500 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Listed by: Lauren Picone • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #879891