15 Page AveHempsteadNY11550
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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 Hempstead at 15 Page Ave, Hempstead, NY, 11550 uses $259,120 cash to close to unlock $4,133/yr annual cash flow and $344/mo monthly cash flow. Total monthly income runs $5,604/mo, and a $3,855/mo payment keeps the spread at $344/mo. Purchase price stands at $787,600, and rental yield measures 8.54% with $5,604/mo rent. Return on cash invested shows 21.66% in year one, and 5% annual appreciation builds toward $217,599 over five years. Five-year ROI reaches 112.82% and total cumulative return in cash records $292,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,604/mo property income covering a $3,855/mo payment rather than investor’s personal income.
Single Family
Built in 1941
0.31 Acres 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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