4 Birchwood Court #4JMineolaNY11501
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
Rental property for sale in Mineola at 4 Birchwood Court #4J, Mineola, NY, 11501 priced at $379,000 converts $3,599/mo rent into $1,068/mo cash flow after a $1,855/mo obligation. Total monthly income equals $3,599/mo, and annual cash flow totals $12,817/yr on $125,639 invested. Return on cash invested prints 30.11% in year one, and rental yield reads 11.4% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 158.21% and total cumulative return in cash sums $198,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,599/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11501, Mineola, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,027 (53.7%) |
| Renter Occupied HU | 3,807 (40.7%) |
| Vacant Housing Units | 524 ( 5.6%) |
| Median Home Value | $666,906 |
| Average Home Value | $702,811 |
Housing Distribution
Address Breakdown
Residential
8,206
Single Family
5,045
Multi-Family
3,161
Businesses
1,414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices