30 Pearsall Avenue #2JGlen CoveNY11542
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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
Investment property for sale in Glen Cove at 30 Pearsall Avenue #2J, Glen Cove, NY, 11542 with 5% annual appreciation on a $299,000 basis while $2,081/mo rent supports operations. Total monthly income totals $2,081/mo and a $1,463/mo payment preserves $85/mo for cash returns. Annual cash flow comes to $1,017/yr on $99,119 deployed, and return on cash invested reaches 20.94% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 8.35%. Five-year ROI measures 108.98% and total cumulative return in cash totals $108,022.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,081/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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