294 Spring DriveEast MeadowNY11554
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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 East Meadow at 294 Spring Drive, East Meadow, NY, 11554 priced at $639,999 pairs $3,628/mo rent with after a $3,132/mo payment. Total monthly income equals $3,628/mo. Return on cash invested is 16.38% in year one, and rental yield stands at 6.8% on a $639,999 basis. Equity gained on principal adds $4,130/yr, and 5% annual appreciation accumulates to $176,820 by year five. Five-year ROI measures 84.54% and total cumulative return in cash reaches $178,002. For financing, Ziffy Mortgage’s DSCR program evaluates $3,628/mo property income against a $3,132/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2009
10.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11554, East Meadow, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,941 (100%) |
| Owner Occupied HU | 10,853 (83.9%) |
| Renter Occupied HU | 1,467 (11.3%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $645,699 |
| Average Home Value | $677,233 |
Housing Distribution
Address Breakdown
Residential
12,559
Single Family
12,287
Multi-Family
272
Businesses
820
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Listed by: Donna Dill • Real Broker NY LLC
Mls Name: OneKey MLS
Mls ID: #948992