16 Glen Keith Rd #LGlen CoveNY11542
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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 Glen Cove at 16 Glen Keith Rd #L, Glen Cove, NY, 11542 priced at $399,999 pairs $2,873/mo rent with $202/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,873/mo, and annual cash flow comes to $2,420/yr on $132,600 invested. Return on cash invested is 21.73% in year one, and rental yield stands at 8.62% on a $399,999 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,512 by year five. Five-year ROI measures 113.28% and total cumulative return in cash reaches $150,207. For financing, Ziffy Mortgage’s DSCR program evaluates $2,873/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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