22 North Forest Avenue #1ERockville CentreNY11570
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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 Rockville Centre at 22 North Forest Avenue #1E, Rockville Centre, NY, 11570 priced at $325,500 converts $2,308/mo rent into $135/mo cash flow after a $1,593/mo obligation. Total monthly income equals $2,308/mo, and annual cash flow totals $1,614/yr on $107,903 invested. Return on cash invested prints 21.41% in year one, and rental yield reads 8.51% against a $325,500 entry. Equity gained on principal adds $2,100/yr, while 5% annual appreciation compiles into $89,930 by year five. Five-year ROI reaches 111.51% and total cumulative return in cash sums $120,326. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,308/mo property income covering a $1,593/mo payment, not borrower’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11570, Rockville Centre, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,987 (100%) |
| Owner Occupied HU | 7,763 (70.7%) |
| Renter Occupied HU | 2,839 (25.8%) |
| Vacant Housing Units | 385 ( 3.5%) |
| Median Home Value | $825,392 |
| Average Home Value | $859,119 |
Housing Distribution
Address Breakdown
Residential
10,445
Single Family
7,444
Multi-Family
3,001
Businesses
998
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Listed by: Kerry E. Flynn • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #920115