12 2nd AvenuePort WashingtonNY11050
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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 Port Washington at 12 2nd Avenue, Port Washington, NY, 11050 priced at $1,199,000 converts $4,678/mo rent into after a $5,869/mo obligation. Total monthly income equals $4,678/mo. Return on cash invested prints 10.09% in year one, and rental yield reads 4.68% against a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation compiles into $331,262 by year five. Five-year ROI reaches 50.72% and total cumulative return in cash sums $197,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,678/mo property income covering a $5,869/mo payment, not borrower’s personal income.
Multi Family
Built in 1863
7,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11050, Port Washington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,976 (100%) |
| Owner Occupied HU | 7,573 (63.2%) |
| Renter Occupied HU | 3,694 (30.8%) |
| Vacant Housing Units | 709 ( 5.9%) |
| Median Home Value | $988,902 |
| Average Home Value | $1,161,958 |
Housing Distribution
Address Breakdown
Residential
11,462
Single Family
10,102
Multi-Family
1,360
Businesses
1,262
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Listed by: Phyllis Realmuto • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #954846