23 Portland WayWheatley HeightsNY11798
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wheatley Heights at 23 Portland Way, Wheatley Heights, NY, 11798 at $599,000 posts ROI 24.98% with $808/mo cash flow from $4,808/mo rent. Total monthly income equals $4,808/mo, and annual cash flow records $9,693/yr on $197,071 to close. Return on cash invested measures 24.98% and rental yield reads 9.63% at the current $599,000. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 by year five. Five-year ROI prints 130.64% and total cumulative return in cash totals $257,446.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,808/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11798, Wyandanch, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,989 (100%) |
| Owner Occupied HU | 3,007 (60.3%) |
| Renter Occupied HU | 1,659 (33.3%) |
| Vacant Housing Units | 323 ( 6.5%) |
| Median Home Value | $557,328 |
| Average Home Value | $573,264 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
3,898
Multi-Family
466
Businesses
309
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Nearby investment properties with comparable prices
Listed by: Joyce E. Stewart GRI • Charles Rutenberg Realty Inc
Mls Name: OneKey MLS
Mls ID: #859350