348 Fairway DriveFranklin SquareNY11010
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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 Franklin Square at 348 Fairway Drive, Franklin Square, NY, 11010 generates $5,280/mo in rent, after a $8,022/mo payment. Total monthly income is $5,280/mo. Return on cash invested sits at 7.57% in year one, and rental yield is 3.87% on a $1,639,000 entry. Equity gained on principal adds $10,576/yr, while 5% annual appreciation builds toward $452,825 over five years. Five-year ROI reaches 37.23% and total cumulative return in cash sums $197,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,280/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11010, Franklin Square, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,211 (100%) |
| Owner Occupied HU | 6,665 (81.2%) |
| Renter Occupied HU | 1,258 (15.3%) |
| Vacant Housing Units | 288 ( 3.5%) |
| Median Home Value | $674,982 |
| Average Home Value | $719,112 |
Housing Distribution
Address Breakdown
Residential
7,402
Single Family
7,183
Multi-Family
219
Businesses
677
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Listed by: Louis M. Tullo • John Savoretti Realty
Mls Name: OneKey MLS
Mls ID: #951861