315 Spring DriveEast MeadowNY11554
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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 East Meadow at 315 Spring Drive, East Meadow, NY, 11554 earns from $3,490/mo rent with a $2,878/mo payment. Total monthly income totals $3,490/mo. ROI tracks 13.9% on current figures, and rental yield reads 7.12% at a $588,000 purchase. Equity gained on principal adds $3,794/yr, and 5% annual appreciation supports $162,454 over five years. Five-year ROI reaches 72.48% and total cumulative return in cash sums $140,208. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,490/mo property income instead of your personal income.
Condo
Built in 2009
10.11 Acres lot
$N/A/sqft
$557 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11554, East Meadow, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,941 (100%) |
| Owner Occupied HU | 10,853 (83.9%) |
| Renter Occupied HU | 1,467 (11.3%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $645,699 |
| Average Home Value | $677,233 |
Housing Distribution
Address Breakdown
Residential
12,559
Single Family
12,287
Multi-Family
272
Businesses
820
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Nearby investment properties with comparable prices
Listed by: Peter Caruso ISA • Caruso & Boughton Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #848654
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