31 4th StreetGlen 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
Rental property for sale in Glen Cove at 31 4th Street, Glen Cove, NY, 11542 priced at $781,000 converts $4,500/mo rent into after a $3,823/mo obligation. Total monthly income equals $4,500/mo. Return on cash invested prints 16.72% in year one, and rental yield reads 6.91% against a $781,000 entry. Equity gained on principal adds $5,040/yr, while 5% annual appreciation compiles into $215,776 by year five. Five-year ROI reaches 86.35% and total cumulative return in cash sums $221,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,500/mo property income covering a $3,823/mo payment, not borrower’s personal income.
Multi Family
Built in 1931
5,000 sqft 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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