299 Locust AvenueUniondaleNY11553
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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 Uniondale at 299 Locust Avenue, Uniondale, NY, 11553 priced at $588,500 pairs $5,760/mo rent with $1,831/mo cash flow after a $2,880/mo payment. Total monthly income equals $5,760/mo, and annual cash flow comes to $21,966/yr on $193,617 invested. Return on cash invested is 31.41% in year one, and rental yield stands at 11.75% on a $588,500 basis. Equity gained on principal adds $3,798/yr, and 5% annual appreciation accumulates to $162,592 by year five. Five-year ROI measures 165.11% and total cumulative return in cash reaches $319,681. For financing, Ziffy Mortgage’s DSCR program evaluates $5,760/mo property income against a $2,880/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11553, Uniondale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,694 (100%) |
| Owner Occupied HU | 4,478 (66.9%) |
| Renter Occupied HU | 1,946 (29.1%) |
| Vacant Housing Units | 270 ( 4.0%) |
| Median Home Value | $538,090 |
| Average Home Value | $637,589 |
Housing Distribution
Address Breakdown
Residential
6,199
Single Family
5,478
Multi-Family
721
Businesses
565
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