54U Glen Keith Road #UGlen CoveNY11542
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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 Glen Cove at 54U Glen Keith Road #U, Glen Cove, NY, 11542 priced at $368,000 pairs $2,518/mo rent with $61/mo cash flow after a $1,801/mo payment. Total monthly income equals $2,518/mo, and annual cash flow comes to $729/yr on $121,992 invested. Return on cash invested is 20.51% in year one, and rental yield stands at 8.21% on a $368,000 basis. Equity gained on principal adds $2,375/yr, and 5% annual appreciation accumulates to $101,672 by year five. Five-year ROI measures 106.68% and total cumulative return in cash reaches $130,141. For financing, Ziffy Mortgage’s DSCR program evaluates $2,518/mo property income against a $1,801/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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Listed by: Alana Lucidi • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #874876
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