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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New Hyde Park at 1516 Jasmine Avenue, New Hyde Park, NY, 11040 offers a 12.01% rental yield on a $849,999 purchase with $8,510/mo rent. Total monthly income registers $8,510/mo, and a $4,160/mo payment leaves $2,834/mo available for distribution. Annual cash flow reaches $34,010/yr on $279,650 to close, and return on cash invested stands at 32.22% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 169.49% and total cumulative return in cash at $473,973. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,510/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
| 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 |
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
Date | Event | Price |
|---|---|---|
| 2024-08-05 | Price change | $849,999 |
| 2024-06-26 | Price change | $869,999 |
| 2024-03-13 | Listed for sale | $875,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | N/A | N/A | $639 | N/A |
| 2022-09-16 | N/A | N/A | $639 | N/A |
| 2021-09-16 | $13805.13 | 1.86% | N/A | N/A |
What's Special
Partially Finished
Listed by: Vishnu Gopaul • Affordable Realty Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3537623
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
