7 Edwards #2GRoslyn HeightsNY11577
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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 Roslyn Heights at 7 Edwards #2G, Roslyn Heights, NY, 11577 priced at $429,000 converts $2,510/mo rent into after a $2,100/mo obligation. Total monthly income equals $2,510/mo. Return on cash invested prints 16.91% in year one, and rental yield reads 7.02% against a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 87.41% and total cumulative return in cash sums $124,309. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,510/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11577, Roslyn Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,262 (100%) |
| Owner Occupied HU | 3,524 (82.7%) |
| Renter Occupied HU | 514 (12.1%) |
| Vacant Housing Units | 224 ( 5.3%) |
| Median Home Value | $983,276 |
| Average Home Value | $1,195,654 |
Housing Distribution
Address Breakdown
Residential
4,321
Single Family
3,959
Multi-Family
362
Businesses
445
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Listed by: Dawn Costello • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #926029