175 Main Avenue #136Wheatley HeightsNY11798
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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 Wheatley Heights at 175 Main Avenue #136, Wheatley Heights, NY, 11798 uses $79,229 cash to close to unlock $4,605/yr annual cash flow and $384/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,170/mo payment keeps the spread at $384/mo. Purchase price stands at $239,000, and rental yield measures 9.94% with $1,980/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 134.65% and total cumulative return in cash records $106,680. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Condo
Built in 1974
4.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11798, Wyandanch, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 3,007 (60.3%) |
| Renter Occupied HU | 1,659 (33.3%) |
| Vacant Housing Units | 323 ( 6.5%) |
| Median Home Value | $557,328 |
| Average Home Value | $573,264 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
3,898
Multi-Family
466
Businesses
309
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Listed by: Jessica L. Stanco AHWD PSA SRES • Howard Hanna Coach
Mls Name: OneKey MLS
Mls ID: #898799