53 Atlantic AvenueCarle PlaceNY11514
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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 Carle Place at 53 Atlantic Avenue, Carle Place, NY, 11514 generates $3,169/mo in rent, after a $3,568/mo payment. Total monthly income is $3,169/mo. Return on cash invested sits at 11.56% in year one, and rental yield is 5.22% on a $729,000 entry. Equity gained on principal adds $4,704/yr, while 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 58.68% and total cumulative return in cash sums $140,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,169/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
4,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11514, Carle Place, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,883 (100%) |
| Owner Occupied HU | 1,312 (69.7%) |
| Renter Occupied HU | 487 (25.9%) |
| Vacant Housing Units | 84 ( 4.5%) |
| Median Home Value | $739,699 |
| Average Home Value | $779,566 |
Housing Distribution
Address Breakdown
Residential
1,697
Single Family
1,365
Multi-Family
332
Businesses
422
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Listed by: Wendy L. Liotti • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #925425