22 Executive DriveNew Hyde ParkNY11040
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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 New Hyde Park at 22 Executive Drive, New Hyde Park, NY, 11040 priced at $1,688,000 converts $9,634/mo rent into after a $8,262/mo obligation. Total monthly income equals $9,634/mo. Return on cash invested prints 16.78% in year one, and rental yield reads 6.85% against a $1,688,000 entry. Equity gained on principal adds $10,892/yr, while 5% annual appreciation compiles into $466,363 by year five. Five-year ROI reaches 86.59% and total cumulative return in cash sums $473,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,634/mo property income covering a $8,262/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,540 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Nearby investment properties with comparable prices
Listed by: Patricia Salegna • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3572207
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