241 Lape RoadNassauNY12123
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
Rental property for sale in Nassau at 241 Lape Road, Nassau, NY, 12123 priced at $419,900 converts $3,049/mo rent into $245/mo cash flow after a $2,055/mo obligation. Total monthly income equals $3,049/mo, and annual cash flow totals $2,942/yr on $139,197 invested. Return on cash invested prints 22.02% in year one, and rental yield reads 8.71% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 114.84% and total cumulative return in cash sums $159,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,049/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Single Family
Built in 1981
5.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 12123, Nassau, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,481 (100%) |
| Owner Occupied HU | 1,718 (69.2%) |
| Renter Occupied HU | 523 (21.1%) |
| Vacant Housing Units | 240 ( 9.7%) |
| Median Home Value | $323,819 |
| Average Home Value | $364,566 |
Housing Distribution
Address Breakdown
Residential
1,959
Single Family
1,945
Multi-Family
14
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices