47 Santa Barbara Drive UNIT 47PlainviewNY11803
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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 Plainview at 47 Santa Barbara Drive UNIT 47, Plainview, NY, 11803 offers a 8.18% rental yield on a $549,800 purchase with $3,750/mo rent. 98% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,900 over five years. Portfolio math shows five-year ROI at 94.06% and total cumulative return in cash at $170,143. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,750/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
4.89 Acres lot
$N/A/sqft
$392 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11803, Plainview, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,328 (100%) |
| Owner Occupied HU | 8,949 (86.6%) |
| Renter Occupied HU | 796 ( 7.7%) |
| Vacant Housing Units | 583 ( 5.6%) |
| Median Home Value | $746,133 |
| Average Home Value | $799,170 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
10,031
Multi-Family
255
Businesses
1,275
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Listed by: Monica A Park • Charles Rutenberg Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3589485
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.