38L Glen Keith #38LGlen CoveNY11542
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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 Glen Cove at 38L Glen Keith #38L, Glen Cove, NY, 11542 uses $109,064 cash to close to unlock $2,067/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $2,369/mo, and a $1,610/mo payment keeps the spread at $172/mo. Purchase price stands at $329,000, and rental yield measures 8.64% with $2,369/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 113.68% and total cumulative return in cash records $123,981. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,369/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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