36 Hamilton Place #3-JGarden 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
Investment property for sale in Garden City at 36 Hamilton Place #3-J, Garden City, NY, 11530 offers a 8.39% rental yield on a $259,000 purchase with $1,811/mo rent. Total monthly income registers $1,811/mo, and a $1,268/mo payment leaves $81/mo available for distribution. Annual cash flow reaches $973/yr on $85,859 to close, and return on cash invested stands at 21.04% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 109.61% and total cumulative return in cash at $94,108. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,811/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1938
N/A 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: Diane Piscopo • Daniel Gale Sothebys Intl Rlty
Mls Name: OneKey MLS
Mls ID: #952650