5 Preston LaneHicksvilleNY11801
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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 Hicksville at 5 Preston Lane, Hicksville, NY, 11801 uses $102,765 cash to close to unlock $1,826/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $2,222/mo, and a $1,517/mo payment keeps the spread at $152/mo. Purchase price stands at $310,000, and rental yield measures 8.6% with $2,222/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 113.05% and total cumulative return in cash records $116,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,222/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11801, Hicksville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 10,269 (77.6%) |
| Renter Occupied HU | 2,523 (19.1%) |
| Vacant Housing Units | 436 ( 3.3%) |
| Median Home Value | $635,721 |
| Average Home Value | $662,052 |
Housing Distribution
Address Breakdown
Residential
12,324
Single Family
12,043
Multi-Family
281
Businesses
1,783
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Listed by: Sandi Polinsky • David R Maltz And Co Inc
Mls Name: OneKey MLS
Mls ID: #944907