56 Hearthside Drive UNIT 56Mount SinaiNY11766
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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 Mount Sinai at 56 Hearthside Drive UNIT 56, Mount Sinai, NY, 11766 generates $5,509/mo in rent and, after a $2,080/mo payment, leaves $2,156/mo in cash flow. Total monthly income is $5,509/mo, and annual cash flow is $25,873/yr on $140,888 invested. Return on cash invested sits at 38.27% in year one, and rental yield is 15.55% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 203.58% and total cumulative return in cash sums $286,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,509/mo property income rather than buyer’s personal income.
Condo
Built in 1975
2,178 sqft lot
$N/A/sqft
$515 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11766, Mount Sinai, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,697 (100%) |
| Owner Occupied HU | 4,185 (89.1%) |
| Renter Occupied HU | 276 ( 5.9%) |
| Vacant Housing Units | 236 ( 5.0%) |
| Median Home Value | $694,368 |
| Average Home Value | $743,371 |
Housing Distribution
Address Breakdown
Residential
4,505
Single Family
3,902
Multi-Family
603
Businesses
393
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Listed by: Paul M Perrone • Realty Connect USA LI Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3572262
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.