1337 Broadway #L10HewlettNY11557
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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 Hewlett at 1337 Broadway #L10, Hewlett, NY, 11557 generates $1,436/mo in rent and, after a $876/mo payment, leaves $241/mo in cash flow. Total monthly income is $1,436/mo, and annual cash flow is $2,889/yr on $59,339 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.63% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 129.59% and total cumulative return in cash sums $76,899. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,436/mo property income rather than buyer’s personal income.
Condo
Built in 1960
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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