34 Hamilton Place #D4Garden CityNY11530
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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 Garden City at 34 Hamilton Place #D4, Garden City, NY, 11530 priced at $495,000 pairs $4,076/mo rent with $770/mo cash flow after a $2,423/mo payment. Total monthly income equals $4,076/mo, and annual cash flow comes to $9,243/yr on $164,093 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.88% on a $495,000 basis. Equity gained on principal adds $3,194/yr, and 5% annual appreciation accumulates to $136,759 by year five. Five-year ROI measures 133.7% and total cumulative return in cash reaches $219,394. For financing, Ziffy Mortgage’s DSCR program evaluates $4,076/mo property income against a $2,423/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1938
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11530, Garden City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 8,533 (85.9%) |
| Renter Occupied HU | 981 ( 9.9%) |
| Vacant Housing Units | 423 ( 4.3%) |
| Median Home Value | $962,312 |
| Average Home Value | $1,087,331 |
Housing Distribution
Address Breakdown
Residential
9,698
Single Family
8,487
Multi-Family
1,211
Businesses
2,190
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Listed by: John H. Kim • NEXTHOME PLATINUM PROPERTIES
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #813027
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