17 Litchfield AvenueElmontNY11003
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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 Elmont at 17 Litchfield Avenue, Elmont, NY, 11003 offers $5,760/mo rent that, after a $3,245/mo payment, leaves $1,333/mo cash flow. Total monthly income is $5,760/mo, and annual cash flow is $15,992/yr on $218,127 cash. Return on cash invested measures 27.39% in year one, and rental yield stands at 10.43% at a $663,000 entry. Equity gained on principal adds $4,278/yr while 5% annual appreciation compounds into $183,175 by year five. Five-year ROI records 143.58% and total cumulative return in cash reaches $313,191. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,760/mo property income versus a $3,245/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11003, Elmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,539 (100%) |
| Owner Occupied HU | 9,177 (73.2%) |
| Renter Occupied HU | 2,900 (23.1%) |
| Vacant Housing Units | 462 ( 3.7%) |
| Median Home Value | $617,882 |
| Average Home Value | $634,548 |
Housing Distribution
Address Breakdown
Residential
10,097
Single Family
9,863
Multi-Family
234
Businesses
796
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