64 Meadowfarm RoadNew 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
Rental property for sale in New Hyde Park at 64 Meadowfarm Road, New Hyde Park, NY, 11040 priced at $1,356,000 converts $3,720/mo rent into after a $6,637/mo obligation. Total monthly income equals $3,720/mo. Return on cash invested prints 5.8% in year one, and rental yield reads 3.29% against a $1,356,000 entry. Equity gained on principal adds $8,750/yr, while 5% annual appreciation compiles into $374,638 by year five. Five-year ROI reaches 27.72% and total cumulative return in cash sums $121,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $6,637/mo payment, not borrower’s personal income.
Single Family
Built in 1963
8,400 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: Shaohua Cheng • E Realty International Corp
Mls Name: OneKey MLS
Mls ID: #886200