706 Longacre AveWoodmereNY11598
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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 Woodmere at 706 Longacre Ave, Woodmere, NY, 11598 with 5% annual appreciation on a $1,272,400 basis while $9,007/mo rent supports operations. Total monthly income totals $9,007/mo and a $6,228/mo payment preserves $510/mo for cash returns. Annual cash flow comes to $6,119/yr on $412,258 deployed, and return on cash invested reaches 21.85% in year one. Equity gained on principal adds $8,211/yr, and five-year appreciation sums $351,541 alongside rental yield of 8.49%. Five-year ROI measures 113.83% and total cumulative return in cash totals $469,262.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,007/mo property income versus a $6,228/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11598, Woodmere, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,273 (100%) |
| Owner Occupied HU | 3,590 (84.0%) |
| Renter Occupied HU | 474 (11.1%) |
| Vacant Housing Units | 209 ( 4.9%) |
| Median Home Value | $975,543 |
| Average Home Value | $1,120,117 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
3,738
Multi-Family
461
Businesses
333
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