66 Smith StreetGlen CoveNY11542
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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 Glen Cove at 66 Smith Street, Glen Cove, NY, 11542 with 5% annual appreciation on a $998,000 basis while $9,110/mo rent supports operations. Total monthly income totals $9,110/mo and a $4,885/mo payment preserves $2,445/mo for cash returns. Annual cash flow comes to $29,343/yr on $328,342 deployed, and return on cash invested reaches 29% in year one. Equity gained on principal adds $6,440/yr, and five-year appreciation sums $275,729 alongside rental yield of 10.95%. Five-year ROI measures 152.19% and total cumulative return in cash totals $499,716.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,110/mo property income versus a $4,885/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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