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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Plainview at 48 Knickerbocker Rd, Plainview, NY, 11803 priced at $1,548,000 converts $5,580/mo rent into after a $7,577/mo obligation. Total monthly income equals $5,580/mo. Return on cash invested prints 8.99% in year one, and rental yield reads 4.33% against a $1,548,000 entry. Equity gained on principal adds $9,989/yr, while 5% annual appreciation compiles into $427,684 by year five. Five-year ROI reaches 44.83% and total cumulative return in cash sums $224,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,580/mo property income covering a $7,577/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11803, Plainview, NY area.
| 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 |
Residential
10,286
Single Family
10,031
Multi-Family
255
Businesses
1,275
Date | Event | Price |
|---|---|---|
| 2024-12-12 | Listed for sale | $1,548,000 |
| 2023-12-29 | Sold | $630,000 |
| 2023-10-06 | Pending sale | $629,888 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Linda Freedman • Douglas Elliman
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #804469
