27110 Grand Central Parkway UNIT 4KFloral ParkNY11005
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 27110 Grand Central Parkway UNIT 4K, Floral Park, NY, 11005 in Floral Park achieves 2.18, rent of $4,595/mo covers the $2,109/mo payment 1.5x over at $469,000. Rental yield 11.76%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $129,576 over five years, with $4,320/yr in principal reduction bringing total projected return to $154,919.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $(505) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,595 |
| Total Monthly Debt Service | $4,913 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A lot
$N/A/sqft
$1,968 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11005, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,763 (100%) |
| Owner Occupied HU | 1,435 (81.4%) |
| Renter Occupied HU | 97 ( 5.5%) |
| Vacant Housing Units | 231 (13.1%) |
| Median Home Value | $1,002,492 |
| Average Home Value | $1,145,340 |
Housing Distribution
Address Breakdown
Residential
1,826
Single Family
0
Multi-Family
1,826
Businesses
19
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
Condo
Built in 1975
N/A lot
$N/A/sqft
$1,968 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11005, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,763 (100%) |
| Owner Occupied HU | 1,435 (81.4%) |
| Renter Occupied HU | 97 ( 5.5%) |
| Vacant Housing Units | 231 (13.1%) |
| Median Home Value | $1,002,492 |
| Average Home Value | $1,145,340 |
Housing Distribution
Address Breakdown
Residential
1,826
Single Family
0
Multi-Family
1,826
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices