3 Carman PlaceGlen HeadNY11545
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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 Glen Head at 3 Carman Place, Glen Head, NY, 11545 generates $6,005/mo in rent and, after a $4,307/mo payment, leaves $129/mo in cash flow. Total monthly income is $6,005/mo, and annual cash flow is $1,544/yr on $289,520 invested. Return on cash invested sits at 20.59% in year one, and rental yield is 8.19% on a $880,000 entry. Equity gained on principal adds $5,679/yr, while 5% annual appreciation builds toward $243,128 over five years. Five-year ROI reaches 107.13% and total cumulative return in cash sums $310,148. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,005/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11545, Glen Head, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,307 (100%) |
| Owner Occupied HU | 3,659 (85.0%) |
| Renter Occupied HU | 463 (10.7%) |
| Vacant Housing Units | 185 ( 4.3%) |
| Median Home Value | $1,104,571 |
| Average Home Value | $1,310,718 |
Housing Distribution
Address Breakdown
Residential
4,068
Single Family
4,056
Multi-Family
12
Businesses
344
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Listed by: Phyllis Realmuto • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #876901
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-29 21:58:12 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)