7417 Hillmeyer AveArverneNY11692
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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 Arverne at 7417 Hillmeyer Ave, Arverne, NY, 11692 with 5% annual appreciation on a $1,080,000 basis while $4,338/mo rent supports operations. 51% in year one. Equity gained on principal adds $6,969/yr, and five-year appreciation sums $298,384 alongside rental yield of 4.82%. Five-year ROI measures 53.02% and total cumulative return in cash totals $185,512. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,338/mo property income versus a $5,286/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11692, Arverne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,260 (100%) |
| Owner Occupied HU | 2,411 (29.2%) |
| Renter Occupied HU | 5,362 (64.9%) |
| Vacant Housing Units | 487 ( 5.9%) |
| Median Home Value | $653,075 |
| Average Home Value | $623,118 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
3,509
Multi-Family
3,603
Businesses
122
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