19 Richard StreetWest HempsteadNY11552
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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 West Hempstead at 19 Richard Street, West Hempstead, NY, 11552 generates $4,902/mo in rent, after a $4,552/mo payment. Total monthly income is $4,902/mo. Return on cash invested sits at 14.93% in year one, and rental yield is 6.33% on a $930,000 entry. Equity gained on principal adds $6,001/yr, while 5% annual appreciation builds toward $256,942 over five years. Five-year ROI reaches 76.75% and total cumulative return in cash sums $234,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,902/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11552, West Hempstead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,692 (100%) |
| Owner Occupied HU | 6,351 (82.6%) |
| Renter Occupied HU | 1,041 (13.5%) |
| Vacant Housing Units | 300 ( 3.9%) |
| Median Home Value | $650,380 |
| Average Home Value | $684,524 |
Housing Distribution
Address Breakdown
Residential
7,347
Single Family
7,190
Multi-Family
157
Businesses
672
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Listed by: Lori A. Castoria • LAFFEY REAL ESTATE
Mls Name: OneKey MLS
Mls ID: #898637