8 Fairway Drive UNIT 8ManhassetNY11030
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow8 Fairway Drive UNIT 8, Manhasset, NY, 11030 in Manhasset earns its strong cash-flow label: 11.83% yield, $13,553/mo rent, $3,711/mo net income, DSCR 2.19. The $1,375,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $379,887 by year five. Combined with $12,664/yr in principal paydown, total projected return reaches $765,926.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $3,711 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $13,553 |
| Total Monthly Debt Service | $9,295 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
9.34 Acres lot
$N/A/sqft
$660 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11030, Manhasset, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,455 (100%) |
| Owner Occupied HU | 5,475 (84.8%) |
| Renter Occupied HU | 557 ( 8.6%) |
| Vacant Housing Units | 423 ( 6.6%) |
| Median Home Value | $1,644,906 |
| Average Home Value | $1,625,109 |
Housing Distribution
Address Breakdown
Residential
6,182
Single Family
5,920
Multi-Family
262
Businesses
864
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
Condo
Built in 1980
9.34 Acres lot
$N/A/sqft
$660 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11030, Manhasset, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,455 (100%) |
| Owner Occupied HU | 5,475 (84.8%) |
| Renter Occupied HU | 557 ( 8.6%) |
| Vacant Housing Units | 423 ( 6.6%) |
| Median Home Value | $1,644,906 |
| Average Home Value | $1,625,109 |
Housing Distribution
Address Breakdown
Residential
6,182
Single Family
5,920
Multi-Family
262
Businesses
864
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices