366 Carvel AvenueCedarhurstNY11516
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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 Cedarhurst at 366 Carvel Avenue, Cedarhurst, NY, 11516 generates $8,400/mo in rent and, after a $4,895/mo payment, leaves $1,723/mo in cash flow. Total monthly income is $8,400/mo, and annual cash flow is $20,672/yr on $329,000 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 10.08% on a $999,999 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 137.95% and total cumulative return in cash sums $453,867. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11516, Cedarhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,763 (63.9%) |
| Renter Occupied HU | 826 (30.0%) |
| Vacant Housing Units | 168 ( 6.1%) |
| Median Home Value | $930,556 |
| Average Home Value | $983,076 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
1,887
Multi-Family
582
Businesses
747
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Listed by: Jonathan I. Winter • Howard Hanna Coach
Mls Name: OneKey MLS
Mls ID: #954599