596 Broadway #16BLynbrookNY11563
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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 Lynbrook at 596 Broadway #16B, Lynbrook, NY, 11563 earns from $2,400/mo rent with a $1,762/mo payment. Total monthly income totals $2,400/mo. ROI tracks 19.87% on current figures, and rental yield reads 8% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash sums $123,254. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,400/mo property income instead of your personal income.
Condo
Built in 1968
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11563, Lynbrook, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,934 (100%) |
| Owner Occupied HU | 6,214 (69.6%) |
| Renter Occupied HU | 2,322 (26.0%) |
| Vacant Housing Units | 398 ( 4.5%) |
| Median Home Value | $648,245 |
| Average Home Value | $701,546 |
Housing Distribution
Address Breakdown
Residential
7,966
Single Family
6,523
Multi-Family
1,443
Businesses
1,015
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