53 Carnation AvenueFloral ParkNY11001
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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 Floral Park at 53 Carnation Avenue, Floral Park, NY, 11001 offers a 6.4% rental yield on a $1,293,000 purchase with $6,900/mo rent. 4% in year one. Equity gained on principal adds $8,344/yr while 5% annual appreciation supports $357,232 over five years. Portfolio math shows five-year ROI at 79.23% and total cumulative return in cash at $331,910. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,900/mo property income against a $6,329/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1949
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11001, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 7,391 (73.2%) |
| Renter Occupied HU | 2,292 (22.7%) |
| Vacant Housing Units | 410 ( 4.1%) |
| Median Home Value | $777,870 |
| Average Home Value | $801,033 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,975
Multi-Family
604
Businesses
639
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Listed by: Matthew C. Chiarelli • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #883021