5 Adelaide Street #B2D1Floral ParkNY11001
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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 Floral Park at 5 Adelaide Street #B2D1, Floral Park, NY, 11001 uses $127,627 cash to close to unlock $4,961/yr annual cash flow and $413/mo monthly cash flow. Total monthly income runs $2,984/mo, and a $1,884/mo payment keeps the spread at $413/mo. Purchase price stands at $384,999, and rental yield measures 9.3% with $2,984/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 124.34% and total cumulative return in cash records $158,686. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,984/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11001, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 7,391 (73.2%) |
| Renter Occupied HU | 2,292 (22.7%) |
| Vacant Housing Units | 410 ( 4.1%) |
| Median Home Value | $777,870 |
| Average Home Value | $801,033 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,975
Multi-Family
604
Businesses
639
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Listed by: Kim G. Flanagan • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #852076