51 Prospect AvenueLynbrookNY11563
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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 Lynbrook at 51 Prospect Avenue, Lynbrook, NY, 11563 offers a 7.2% rental yield on a $887,000 purchase with $5,324/mo rent. 6% in year one. Equity gained on principal adds $5,724/yr while 5% annual appreciation supports $245,062 over five years. Portfolio math shows five-year ROI at 91.07% and total cumulative return in cash at $265,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,324/mo property income against a $4,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,694 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11563, Lynbrook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,934 (100%) |
| Owner Occupied HU | 6,214 (69.6%) |
| Renter Occupied HU | 2,322 (26.0%) |
| Vacant Housing Units | 398 ( 4.5%) |
| Median Home Value | $648,245 |
| Average Home Value | $701,546 |
Housing Distribution
Address Breakdown
Residential
7,966
Single Family
6,523
Multi-Family
1,443
Businesses
1,015
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Listed by: Maria Lindh • Next Level Real Estate NY
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3571185
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