1403 Park AvenueNew Hyde ParkNY11040
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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 New Hyde Park at 1403 Park Avenue, New Hyde Park, NY, 11040 uses $276,031 cash to close to unlock $13,413/yr annual cash flow and $1,118/mo monthly cash flow. Total monthly income runs $6,720/mo, and a $4,106/mo payment keeps the spread at $1,118/mo. Purchase price stands at $839,000, and rental yield measures 9.61% with $6,720/mo rent. Return on cash invested shows 24.92% in year one, and 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 130.32% and total cumulative return in cash records $359,724. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,720/mo property income covering a $4,106/mo payment rather than investor’s personal income.
Single Family
Built in 1948
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Listed by: Melissa Mangia • Keller Williams Legendary
Mls Name: OneKey MLS
Mls ID: #898434