38 Grove StreetGarden CityNY11530
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 38 Grove Street, Garden City, NY, 11530 earns from $7,772/mo rent with a $6,030/mo payment. Total monthly income totals $7,772/mo. ROI tracks 19% on current figures, and rental yield reads 7.57% at a $1,232,000 purchase. Equity gained on principal adds $7,950/yr, and 5% annual appreciation supports $340,379 over five years. Five-year ROI reaches 98.53% and total cumulative return in cash sums $393,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,772/mo property income instead of your personal income.
Single Family
Built in 1955
6,000 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura S. Carroll • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #854144