38 Johnson PlaceWoodmereNY11598
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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 Woodmere at 38 Johnson Place, Woodmere, NY, 11598 priced at $1,299,000 pairs $4,590/mo rent with after a $6,358/mo payment. Total monthly income equals $4,590/mo. Return on cash invested is 8.72% in year one, and rental yield stands at 4.24% on a $1,299,000 basis. Equity gained on principal adds $8,382/yr, and 5% annual appreciation accumulates to $358,890 by year five. Five-year ROI measures 43.42% and total cumulative return in cash reaches $182,761. For financing, Ziffy Mortgage’s DSCR program evaluates $4,590/mo property income against a $6,358/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1898
5,635 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11598, Woodmere, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,273 (100%) |
| Owner Occupied HU | 3,590 (84.0%) |
| Renter Occupied HU | 474 (11.1%) |
| Vacant Housing Units | 209 ( 4.9%) |
| Median Home Value | $975,543 |
| Average Home Value | $1,120,117 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
3,738
Multi-Family
461
Businesses
333
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