1968 School StreetEast MeadowNY11554
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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 East Meadow at 1968 School Street, East Meadow, NY, 11554 priced at $1,650,000 converts $7,715/mo rent into after a $8,076/mo obligation. Total monthly income equals $7,715/mo. Return on cash invested prints 12.95% in year one, and rental yield reads 5.61% against a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation compiles into $455,865 by year five. Five-year ROI reaches 66.11% and total cumulative return in cash sums $353,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,715/mo property income covering a $8,076/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11554, East Meadow, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,941 (100%) |
| Owner Occupied HU | 10,853 (83.9%) |
| Renter Occupied HU | 1,467 (11.3%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $645,699 |
| Average Home Value | $677,233 |
Housing Distribution
Address Breakdown
Residential
12,559
Single Family
12,287
Multi-Family
272
Businesses
820
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Nearby investment properties with comparable prices
Listed by: Jean Marie Shipman • NextGen Real Estate LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #820818
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 06:13:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)