3 Harrow LaneOld BethpageNY11804
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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 Old Bethpage at 3 Harrow Lane, Old Bethpage, NY, 11804 priced at $978,888 converts $2,880/mo rent into after a $4,791/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 6.44% in year one, and rental yield reads 3.53% against a $978,888 entry. Equity gained on principal adds $6,317/yr, while 5% annual appreciation compiles into $270,449 by year five. Five-year ROI reaches 31.21% and total cumulative return in cash sums $100,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $4,791/mo payment, not borrower’s personal income.
Single Family
Built in 1957
10,287 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11804, Old Bethpage, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,363 (100%) |
| Owner Occupied HU | 1,962 (83.0%) |
| Renter Occupied HU | 171 ( 7.2%) |
| Vacant Housing Units | 230 ( 9.7%) |
| Median Home Value | $867,389 |
| Average Home Value | $931,435 |
Housing Distribution
Address Breakdown
Residential
1,734
Single Family
1,734
Multi-Family
0
Businesses
160
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Listed by: Suzanne Colon • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #901444