250 Central Ave APT E-218LawrenceNY11559
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 Lawrence at 250 Central Ave APT E-218, Lawrence, NY, 11559 uses $115,694 cash to close to unlock $199/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $2,347/mo, and a $1,708/mo payment keeps the spread at $17/mo. Purchase price stands at $349,000, and rental yield measures 8.07% with $2,347/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 104.41% and total cumulative return in cash records $120,792. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,347/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11559, Lawrence, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,077 (100%) |
| Owner Occupied HU | 2,067 (67.2%) |
| Renter Occupied HU | 706 (22.9%) |
| Vacant Housing Units | 304 ( 9.9%) |
| Median Home Value | $1,297,315 |
| Average Home Value | $1,330,324 |
Housing Distribution
Address Breakdown
Residential
2,735
Single Family
2,018
Multi-Family
717
Businesses
501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices