193 Frederick AveSouth Floral ParkNY11001
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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 South Floral Park at 193 Frederick Ave, South Floral Park, NY, 11001 offers $5,837/mo rent that, after a $3,421/mo payment, leaves $1,169/mo cash flow. Total monthly income is $5,837/mo, and annual cash flow is $14,033/yr on $229,971 cash. Return on cash invested measures 26.16% in year one, and rental yield stands at 10.02% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 137% and total cumulative return in cash reaches $315,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,837/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1962
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11001, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 7,391 (73.2%) |
| Renter Occupied HU | 2,292 (22.7%) |
| Vacant Housing Units | 410 ( 4.1%) |
| Median Home Value | $777,870 |
| Average Home Value | $801,033 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,975
Multi-Family
604
Businesses
639
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Listed by: Karina Prudencio • PRUDENCIO & CO
Mls Name: NY State MLS
Mls ID: #11591556