6 Wingate RoadValley StreamNY11581
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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 Valley Stream at 6 Wingate Road, Valley Stream, NY, 11581 generates $3,907/mo in rent and, after a $2,565/mo payment, leaves $408/mo in cash flow. Total monthly income is $3,907/mo, and annual cash flow is $4,890/yr on $172,396 invested. Return on cash invested sits at 22.9% in year one, and rental yield is 8.95% on a $524,000 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation builds toward $144,772 over five years. Five-year ROI reaches 119.48% and total cumulative return in cash sums $205,987. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,907/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11581, Valley Stream, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,399 (100%) |
| Owner Occupied HU | 5,733 (77.5%) |
| Renter Occupied HU | 1,376 (18.6%) |
| Vacant Housing Units | 290 ( 3.9%) |
| Median Home Value | $674,550 |
| Average Home Value | $721,676 |
Housing Distribution
Address Breakdown
Residential
7,103
Single Family
6,561
Multi-Family
542
Businesses
455
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Listed by: Milton M Choto • Executive Plus Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3565479
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.