678 Front Street #EHempsteadNY11550
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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 Hempstead at 678 Front Street #E, Hempstead, NY, 11550 priced at $539,998 pairs $4,280/mo rent with $674/mo cash flow after a $2,643/mo payment. Total monthly income equals $4,280/mo, and annual cash flow comes to $8,088/yr on $177,659 invested. Return on cash invested is 24.61% in year one, and rental yield stands at 9.51% on a $539,998 basis. Equity gained on principal adds $3,485/yr, and 5% annual appreciation accumulates to $149,191 by year five. Five-year ROI measures 128.67% and total cumulative return in cash reaches $228,590. For financing, Ziffy Mortgage’s DSCR program evaluates $4,280/mo property income against a $2,643/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1969
2.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11550, Hempstead, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,971 (100%) |
| Owner Occupied HU | 7,171 (39.9%) |
| Renter Occupied HU | 10,040 (55.9%) |
| Vacant Housing Units | 760 ( 4.2%) |
| Median Home Value | $508,237 |
| Average Home Value | $542,500 |
Housing Distribution
Address Breakdown
Residential
16,249
Single Family
10,416
Multi-Family
5,833
Businesses
1,322
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