1601 Union AveHewlettNY11557
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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 Hewlett at 1601 Union Ave, Hewlett, NY, 11557 offers $8,821/mo rent that, after a $7,149/mo payment. Total monthly income is $8,821/mo. Return on cash invested measures 18% in year one, and rental yield stands at 7.25% at a $1,460,600 entry. Equity gained on principal adds $9,425/yr while 5% annual appreciation compounds into $403,537 by year five. Five-year ROI records 93.19% and total cumulative return in cash reaches $441,013. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,821/mo property income versus a $7,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
7,614 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11557, Hewlett, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,959 (100%) |
| Owner Occupied HU | 2,410 (81.4%) |
| Renter Occupied HU | 367 (12.4%) |
| Vacant Housing Units | 182 ( 6.2%) |
| Median Home Value | $846,834 |
| Average Home Value | $963,495 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,296
Multi-Family
599
Businesses
511
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