157 Hempstead Avenue #B20LynbrookNY11563
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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 Lynbrook at 157 Hempstead Avenue #B20, Lynbrook, NY, 11563 uses $124,313 cash to close to unlock $8,835/yr annual cash flow and $736/mo monthly cash flow. Total monthly income runs $3,240/mo, and a $1,835/mo payment keeps the spread at $736/mo. Purchase price stands at $375,000, and rental yield measures 10.37% with $3,240/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 141.61% and total cumulative return in cash records $176,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1968
1.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11563, Lynbrook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,934 (100%) |
| Owner Occupied HU | 6,214 (69.6%) |
| Renter Occupied HU | 2,322 (26.0%) |
| Vacant Housing Units | 398 ( 4.5%) |
| Median Home Value | $648,245 |
| Average Home Value | $701,546 |
Housing Distribution
Address Breakdown
Residential
7,966
Single Family
6,523
Multi-Family
1,443
Businesses
1,015
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