616 William StreetNew Hyde ParkNY11040
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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 New Hyde Park at 616 William Street, New Hyde Park, NY, 11040 offers a 8.73% rental yield on a $924,000 purchase with $6,720/mo rent. Total monthly income registers $6,720/mo, and a $4,523/mo payment leaves $549/mo available for distribution. Annual cash flow reaches $6,590/yr on $303,996 to close, and return on cash invested stands at 22.23% in year one. Equity gained on principal adds $5,962/yr while 5% annual appreciation supports $255,284 over five years. Portfolio math shows five-year ROI at 115.9% and total cumulative return in cash at $352,331. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,720/mo property income against a $4,523/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
4,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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Listed by: Philip W. Alba • Yes Homes Realty Ltd
Mls Name: OneKey MLS
Mls ID: #893861