39 Corwin AvenueNew Hyde ParkNY11040
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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 New Hyde Park at 39 Corwin Avenue, New Hyde Park, NY, 11040 offers $4,120/mo rent that, after a $6,020/mo payment. Total monthly income is $4,120/mo. Return on cash invested measures 8.04% in year one, and rental yield stands at 4.02% at a $1,230,000 entry. Equity gained on principal adds $7,937/yr while 5% annual appreciation compounds into $339,826 by year five. Five-year ROI records 39.77% and total cumulative return in cash reaches $158,506. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,120/mo property income versus a $6,020/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
5,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Listed by: Xiaomeng C. Zhang PSA • Keller Williams Realty Greater
Mls Name: OneKey MLS
Mls ID: #953616