50 MAYFAIR AVENUEWest HempsteadNY11552
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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 West Hempstead at 50 MAYFAIR AVENUE, West Hempstead, NY, 11552 priced at $1,039,000 converts $3,706/mo rent into after a $5,085/mo obligation. Total monthly income equals $3,706/mo. Return on cash invested prints 8.85% in year one, and rental yield reads 4.28% against a $1,039,000 entry. Equity gained on principal adds $6,705/yr, while 5% annual appreciation compiles into $287,057 by year five. Five-year ROI reaches 44.1% and total cumulative return in cash sums $148,472. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,706/mo property income covering a $5,085/mo payment, not borrower’s personal income.
Single Family
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11552, West Hempstead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,692 (100%) |
| Owner Occupied HU | 6,351 (82.6%) |
| Renter Occupied HU | 1,041 (13.5%) |
| Vacant Housing Units | 300 ( 3.9%) |
| Median Home Value | $650,380 |
| Average Home Value | $684,524 |
Housing Distribution
Address Breakdown
Residential
7,347
Single Family
7,190
Multi-Family
157
Businesses
672
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Listed by: Jean F. Gaston • Classic Service Realty Inc
Mls Name: OneKey MLS
Mls ID: #901603