407 Second St StreetElmontNY11003
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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 Elmont at 407 Second St Street, Elmont, NY, 11003 priced at $1,195,000 converts $5,026/mo rent into after a $5,849/mo obligation. Total monthly income equals $5,026/mo. Return on cash invested prints 11.21% in year one, and rental yield reads 5.05% against a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation compiles into $330,156 by year five. Five-year ROI reaches 56.77% and total cumulative return in cash sums $219,794. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,026/mo property income covering a $5,849/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11003, Elmont, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,539 (100%) |
| Owner Occupied HU | 9,177 (73.2%) |
| Renter Occupied HU | 2,900 (23.1%) |
| Vacant Housing Units | 462 ( 3.7%) |
| Median Home Value | $617,882 |
| Average Home Value | $634,548 |
Housing Distribution
Address Breakdown
Residential
10,097
Single Family
9,863
Multi-Family
234
Businesses
796
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