2197 6th 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
Investment property for sale in East Meadow at 2197 6th Street, East Meadow, NY, 11554 earns $656/mo cash flow from $5,164/mo rent with a $3,304/mo payment. Total monthly income totals $5,164/mo, and annual cash flow totals $7,875/yr on $222,075 capital. ROI tracks 23.61% on current figures, and rental yield reads 9.18% at a $675,000 purchase. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 over five years. Five-year ROI reaches 123.29% and total cumulative return in cash sums $273,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,164/mo property income instead of your personal income.
Single Family
Built in 1949
6,000 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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Listed by: Richard Alvarez • Jason Mitchell Real Estate NY
Mls Name: OneKey MLS
Mls ID: #926610