3 Hempstead LaneWantaghNY11793
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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 Wantagh at 3 Hempstead Lane, Wantagh, NY, 11793 generates $4,318/mo in rent and, after a $636/mo payment, leaves $3,450/mo in cash flow. Total monthly income is $4,318/mo, and annual cash flow is $41,402/yr on $43,095 invested. Return on cash invested sits at 115.98% in year one, and rental yield is 39.86% on a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 618.76% and total cumulative return in cash sums $266,654. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,318/mo property income rather than buyer’s personal income.
Lot
Built in N/A
600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11793, Wantagh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 9,873 (89.8%) |
| Renter Occupied HU | 801 ( 7.3%) |
| Vacant Housing Units | 317 ( 2.9%) |
| Median Home Value | $661,408 |
| Average Home Value | $714,075 |
Housing Distribution
Address Breakdown
Residential
10,619
Single Family
10,471
Multi-Family
148
Businesses
735
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Listed by: Caterina L Ambrosio • Realty Advisors Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3584702
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