1300 P StreetElmontNY11003
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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 Elmont at 1300 P Street, Elmont, NY, 11003 uses $213,521 cash to close to unlock $17,107/yr annual cash flow and $1,426/mo monthly cash flow. Total monthly income runs $5,760/mo, and a $3,177/mo payment keeps the spread at $1,426/mo. Purchase price stands at $649,000, and rental yield measures 10.65% with $5,760/mo rent. Return on cash invested shows 28.07% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 147.23% and total cumulative return in cash records $314,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,760/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1935
5,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11003, Elmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,539 (100%) |
| Owner Occupied HU | 9,177 (73.2%) |
| Renter Occupied HU | 2,900 (23.1%) |
| Vacant Housing Units | 462 ( 3.7%) |
| Median Home Value | $617,882 |
| Average Home Value | $634,548 |
Housing Distribution
Address Breakdown
Residential
10,097
Single Family
9,863
Multi-Family
234
Businesses
796
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