285 Central Avenue #D6LawrenceNY11559
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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 Lawrence at 285 Central Avenue #D6, Lawrence, NY, 11559 generates $1,612/mo in rent and, after a $1,150/mo payment, leaves $43/mo in cash flow. Total monthly income is $1,612/mo, and annual cash flow is $515/yr on $77,903 invested. Return on cash invested sits at 20.57% in year one, and rental yield is 8.23% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 107.02% and total cumulative return in cash sums $83,368. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,612/mo property income rather than buyer’s personal income.
Condo
Built in 1950
1.74 Acres 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
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