246 Willowood DriveWantaghNY11793
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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 Wantagh at 246 Willowood Drive, Wantagh, NY, 11793 generates $5,304/mo in rent and, after a $3,573/mo payment, leaves $429/mo in cash flow. Total monthly income is $5,304/mo, and annual cash flow is $5,150/yr on $240,170 invested. Return on cash invested sits at 22.2% in year one, and rental yield is 8.72% on a $730,000 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation builds toward $201,686 over five years. Five-year ROI reaches 115.78% and total cumulative return in cash sums $278,066. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,304/mo property income rather than buyer’s personal income.
Single Family
Built in 1948
6,324 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11793, Wantagh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 9,873 (89.8%) |
| Renter Occupied HU | 801 ( 7.3%) |
| Vacant Housing Units | 317 ( 2.9%) |
| Median Home Value | $661,408 |
| Average Home Value | $714,075 |
Housing Distribution
Address Breakdown
Residential
10,619
Single Family
10,471
Multi-Family
148
Businesses
735
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Listed by: Thomas Diana III • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #868264
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-27 21:58:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)