308 New South RoadHicksvilleNY11801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hicksville at 308 New South Road, Hicksville, NY, 11801 offers a 10.76% rental yield on a $748,888 purchase with $6,714/mo rent. Total monthly income registers $6,714/mo, and a $3,665/mo payment leaves $1,713/mo available for distribution. Annual cash flow reaches $20,562/yr on $246,384 to close, and return on cash invested stands at 28.41% in year one. Equity gained on principal adds $4,832/yr while 5% annual appreciation supports $206,904 over five years. Portfolio math shows five-year ROI at 149.02% and total cumulative return in cash at $367,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,714/mo property income against a $3,665/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
6,180 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11801, Hicksville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 10,269 (77.6%) |
| Renter Occupied HU | 2,523 (19.1%) |
| Vacant Housing Units | 436 ( 3.3%) |
| Median Home Value | $635,721 |
| Average Home Value | $662,052 |
Housing Distribution
Address Breakdown
Residential
12,324
Single Family
12,043
Multi-Family
281
Businesses
1,783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rahul Jaggi • Voro LLC
Mls Name: OneKey MLS
Mls ID: #935745