7246 Cooper AveGlendaleNY11385
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Glendale at 7246 Cooper Ave, Glendale, NY, 11385 generates $4,226/mo in rent, after a $4,814/mo payment. Total monthly income is $4,226/mo. Return on cash invested sits at 11.38% in year one, and rental yield is 5.16% on a $983,500 entry. Equity gained on principal adds $6,346/yr, while 5% annual appreciation builds toward $271,723 over five years. Five-year ROI reaches 57.7% and total cumulative return in cash sums $186,691. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,226/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
1,464 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices