2 Sunset LaneGarden CityNY11530
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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 Garden City at 2 Sunset Lane, Garden City, NY, 11530 generates $5,400/mo in rent, after a $6,950/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 9.72% in year one, and rental yield is 4.56% on a $1,420,000 entry. Equity gained on principal adds $9,163/yr, while 5% annual appreciation builds toward $392,320 over five years. Five-year ROI reaches 48.77% and total cumulative return in cash sums $224,399. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11530, Garden City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 8,533 (85.9%) |
| Renter Occupied HU | 981 ( 9.9%) |
| Vacant Housing Units | 423 ( 4.3%) |
| Median Home Value | $962,312 |
| Average Home Value | $1,087,331 |
Housing Distribution
Address Breakdown
Residential
9,698
Single Family
8,487
Multi-Family
1,211
Businesses
2,190
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Listed by: Jiang Zhang • Royalux Realty LLC
Mls Name: OneKey MLS
Mls ID: #914895