1385 Broadway #A31HewlettNY11557
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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 Hewlett at 1385 Broadway #A31, Hewlett, NY, 11557 uses $107,738 cash to close to unlock $1,541/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $2,299/mo, and a $1,591/mo payment keeps the spread at $128/mo. Purchase price stands at $325,000, and rental yield measures 8.49% with $2,299/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 111.17% and total cumulative return in cash records $119,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,299/mo property income covering a $1,591/mo payment rather than investor’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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