123 15th Street #A-1Garden 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
Investment property for sale in Garden City at 123 15th Street #A-1, Garden City, NY, 11530 uses $114,368 cash to close to unlock $2,049/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $2,475/mo, and a $1,689/mo payment keeps the spread at $171/mo. Purchase price stands at $345,000, and rental yield measures 8.61% with $2,475/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 113.09% and total cumulative return in cash records $129,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,475/mo property income covering a $1,689/mo payment rather than investor’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: Kerin Kelly • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #932090