144 Cornell StreetHempsteadNY11550
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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 Hempstead at 144 Cornell Street, Hempstead, NY, 11550 offers $5,564/mo rent that, after a $3,030/mo payment, leaves $1,430/mo cash flow. Total monthly income is $5,564/mo, and annual cash flow is $17,161/yr on $203,651 cash. Return on cash invested measures 28.49% in year one, and rental yield stands at 10.79% at a $619,000 entry. Equity gained on principal adds $3,994/yr while 5% annual appreciation compounds into $171,018 by year five. Five-year ROI records 149.47% and total cumulative return in cash reaches $304,405. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,564/mo property income versus a $3,030/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
4,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11550, Hempstead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,971 (100%) |
| Owner Occupied HU | 7,171 (39.9%) |
| Renter Occupied HU | 10,040 (55.9%) |
| Vacant Housing Units | 760 ( 4.2%) |
| Median Home Value | $508,237 |
| Average Home Value | $542,500 |
Housing Distribution
Address Breakdown
Residential
16,249
Single Family
10,416
Multi-Family
5,833
Businesses
1,322
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