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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Plainview at 69 Diamond Drive, Plainview, NY, 11803 listed at $799,000 pairs $7,826/mo rent with a $3,911/mo payment to leave $2,490/mo cash flow. Total monthly income runs $7,826/mo, and annual cash flow reaches $29,881/yr on $262,871 cash to close. Return on cash invested measures 31.43% in year one, and rental yield registers 11.75% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 165.24% and total cumulative return in cash totals $434,358. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,826/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11803, Plainview, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,328 (100%) |
| Owner Occupied HU | 8,949 (86.6%) |
| Renter Occupied HU | 796 ( 7.7%) |
| Vacant Housing Units | 583 ( 5.6%) |
| Median Home Value | $746,133 |
| Average Home Value | $799,170 |
Residential
10,286
Single Family
10,031
Multi-Family
255
Businesses
1,275
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Listed for sale | $799,000 |
| 2000-08-23 | Sold | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | N/A | N/A | $509 | -10.39% |
| 2022-08-30 | N/A | N/A | $568 | N/A |
| 2021-08-30 | $10994.55 | 17.71% | N/A | N/A |
What's Special
Scuttle
Listed by: Matthew J Lenner • Real Broker NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3572716
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
