586 Mead TerHempsteadNY11550
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hempstead at 586 Mead Ter, Hempstead, NY, 11550 with 5% annual appreciation on a $476,000 basis while $4,723/mo rent supports operations. Total monthly income totals $4,723/mo and a $2,330/mo payment preserves $1,544/mo for cash returns. Annual cash flow comes to $18,530/yr on $157,794 deployed, and return on cash invested reaches 31.65% in year one. Equity gained on principal adds $3,072/yr, and five-year appreciation sums $131,510 alongside rental yield of 11.91%. Five-year ROI measures 166.47% and total cumulative return in cash totals $262,677.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,723/mo property income versus a $2,330/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11550, Hempstead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,971 (100%) |
| Owner Occupied HU | 7,171 (39.9%) |
| Renter Occupied HU | 10,040 (55.9%) |
| Vacant Housing Units | 760 ( 4.2%) |
| Median Home Value | $508,237 |
| Average Home Value | $542,500 |
Housing Distribution
Address Breakdown
Residential
16,249
Single Family
10,416
Multi-Family
5,833
Businesses
1,322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices