11516 199th StreetSaint AlbansNY11412
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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 Saint Albans at 11516 199th Street, Saint Albans, NY, 11412 offers a 6.1% rental yield on a $1,179,999 purchase with $6,000/mo rent. 47% in year one. Equity gained on principal adds $7,614/yr while 5% annual appreciation supports $326,012 over five years. Portfolio math shows five-year ROI at 74.22% and total cumulative return in cash at $283,760. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,000/mo property income against a $5,776/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
3,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11412, Saint Albans, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,475 (100%) |
| Owner Occupied HU | 7,923 (63.5%) |
| Renter Occupied HU | 3,954 (31.7%) |
| Vacant Housing Units | 598 ( 4.8%) |
| Median Home Value | $636,295 |
| Average Home Value | $675,147 |
Housing Distribution
Address Breakdown
Residential
9,328
Single Family
9,008
Multi-Family
320
Businesses
713
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Listed by: Gabriel Kashi • Keystone Realty USA Corp
Mls Name: OneKey MLS
Mls ID: #923826