345 Evans AvenueElmontNY11003
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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
Total monthly income runs $4,825/mo, and a $3,666/mo payment. Purchase price stands at $749,000, and rental yield measures 7.73% with $4,825/mo rent. Return on cash invested shows 19.2% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 99.67% and total cumulative return in cash records $245,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,825/mo property income covering a $3,666/mo payment rather than investor’s personal income.
Single Family
Built in 1921
4,160 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11003, Elmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,539 (100%) |
| Owner Occupied HU | 9,177 (73.2%) |
| Renter Occupied HU | 2,900 (23.1%) |
| Vacant Housing Units | 462 ( 3.7%) |
| Median Home Value | $617,882 |
| Average Home Value | $634,548 |
Housing Distribution
Address Breakdown
Residential
10,097
Single Family
9,863
Multi-Family
234
Businesses
796
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