1185 E Broadway #4 AHewlettNY11557
Nearby investment properties with comparable rents
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 Hewlett at 1185 E Broadway #4 A, Hewlett, NY, 11557 offers a 9.52% rental yield on a $175,000 purchase with $1,388/mo rent. Total monthly income registers $1,388/mo, and a $857/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,627/yr on $58,013 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 127.78% and total cumulative return in cash at $74,131. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,388/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11557, Hewlett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,959 (100%) |
| Owner Occupied HU | 2,410 (81.4%) |
| Renter Occupied HU | 367 (12.4%) |
| Vacant Housing Units | 182 ( 6.2%) |
| Median Home Value | $846,834 |
| Average Home Value | $963,495 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,296
Multi-Family
599
Businesses
511
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Listed by: Maritza Burke • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #844371
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