113 15th Street #1CGarden CityNY11530
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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
Rental property for sale in Garden City at 113 15th Street #1C, Garden City, NY, 11530 generates $2,660/mo in rent, after a $2,080/mo payment. Total monthly income is $2,660/mo. Return on cash invested sits at 18.39% in year one, and rental yield is 7.51% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 95.37% and total cumulative return in cash sums $134,369. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,660/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No 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: Alexander Olivieri • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #942549