241 Hendrickson AvenueLynbrookNY11563
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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 Lynbrook at 241 Hendrickson Avenue, Lynbrook, NY, 11563 priced at $862,000 converts $3,360/mo rent into after a $4,219/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 9.92% in year one, and rental yield reads 4.68% against a $862,000 entry. Equity gained on principal adds $5,562/yr, while 5% annual appreciation compiles into $238,155 by year five. Five-year ROI reaches 49.89% and total cumulative return in cash sums $141,489. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $4,219/mo payment, not borrower’s personal income.
Single Family
Built in 1962
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11563, Lynbrook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,934 (100%) |
| Owner Occupied HU | 6,214 (69.6%) |
| Renter Occupied HU | 2,322 (26.0%) |
| Vacant Housing Units | 398 ( 4.5%) |
| Median Home Value | $648,245 |
| Average Home Value | $701,546 |
Housing Distribution
Address Breakdown
Residential
7,966
Single Family
6,523
Multi-Family
1,443
Businesses
1,015
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