520 Lakeville RoadNew Hyde ParkNY11040
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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 New Hyde Park at 520 Lakeville Road, New Hyde Park, NY, 11040 priced at $999,000 pairs $6,720/mo rent with $48/mo cash flow after a $4,890/mo payment. Total monthly income equals $6,720/mo, and annual cash flow comes to $581/yr on $328,671 invested. Return on cash invested is 20.24% in year one, and rental yield stands at 8.07% on a $999,000 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $276,005 by year five. Five-year ROI measures 105.22% and total cumulative return in cash reaches $345,818. For financing, Ziffy Mortgage’s DSCR program evaluates $6,720/mo property income against a $4,890/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1926
3,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Listed by: James A. McGuire CBR • Andron Realty Group Tulip R E
Mls Name: OneKey MLS
Mls ID: #888920