356 Oakley AveElmontNY11003
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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
Investment property for sale in Elmont at 356 Oakley Ave, Elmont, NY, 11003 with 5% annual appreciation on a $836,400 basis while $6,011/mo rent supports operations. Total monthly income totals $6,011/mo and a $4,094/mo payment preserves $425/mo for cash returns. Annual cash flow comes to $5,105/yr on $275,176 deployed, and return on cash invested reaches 21.92% in year one. Equity gained on principal adds $5,397/yr, and five-year appreciation sums $231,082 alongside rental yield of 8.62%. Five-year ROI measures 114.22% and total cumulative return in cash totals $314,304.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,011/mo property income versus a $4,094/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1950
8,001 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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