1390 Broadway #228HewlettNY11557
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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 1390 Broadway #228, Hewlett, NY, 11557 earns $1,333/mo cash flow from $4,332/mo rent with a $2,198/mo payment. Total monthly income totals $4,332/mo, and annual cash flow totals $15,999/yr on $148,844 capital. ROI tracks 30.66% on current figures, and rental yield reads 11.58% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 161.15% and total cumulative return in cash sums $239,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,332/mo property income instead of your personal income.
Condo
Built in 1965
2.92 Acres 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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