601 Chestnut St APT B3CedarhurstNY11516
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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 Cedarhurst at 601 Chestnut St APT B3, Cedarhurst, NY, 11516 offers a 18.62% rental yield on a $234,000 purchase with $3,631/mo rent. Total monthly income registers $3,631/mo, and a $1,145/mo payment leaves $2,069/mo available for distribution. Annual cash flow reaches $24,824/yr on $77,571 to close, and return on cash invested stands at 51.91% in year one. Equity gained on principal adds $1,510/yr while 5% annual appreciation supports $64,650 over five years. Portfolio math shows five-year ROI at 275.12% and total cumulative return in cash at $213,411. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,631/mo property income against a $1,145/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11516, Cedarhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,757 (100%) |
| Owner Occupied HU | 1,763 (63.9%) |
| Renter Occupied HU | 826 (30.0%) |
| Vacant Housing Units | 168 ( 6.1%) |
| Median Home Value | $930,556 |
| Average Home Value | $983,076 |
Housing Distribution
Address Breakdown
Residential
2,469
Single Family
1,887
Multi-Family
582
Businesses
747
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Nearby investment properties with comparable prices
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