673 1st StMineolaNY11501
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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 Mineola at 673 1st St, Mineola, NY, 11501 generates $5,640/mo in rent, after a $6,313/mo payment. Total monthly income is $5,640/mo. Return on cash invested sits at 11.83% in year one, and rental yield is 5.25% on a $1,289,888 entry. Equity gained on principal adds $8,323/yr, while 5% annual appreciation builds toward $356,372 over five years. Five-year ROI reaches 60.09% and total cumulative return in cash sums $251,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,640/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
8,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11501, Mineola, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,027 (53.7%) |
| Renter Occupied HU | 3,807 (40.7%) |
| Vacant Housing Units | 524 ( 5.6%) |
| Median Home Value | $666,906 |
| Average Home Value | $702,811 |
Housing Distribution
Address Breakdown
Residential
8,206
Single Family
5,045
Multi-Family
3,161
Businesses
1,414
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