8 Gables RoadHicksvilleNY11801
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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 Hicksville at 8 Gables Road, Hicksville, NY, 11801 priced at $884,000 converts $6,714/mo rent into $811/mo cash flow after a $4,327/mo obligation. Total monthly income equals $6,714/mo, and annual cash flow totals $9,726/yr on $290,836 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 9.11% against a $884,000 entry. Equity gained on principal adds $5,704/yr, while 5% annual appreciation compiles into $244,233 by year five. Five-year ROI reaches 122.2% and total cumulative return in cash sums $355,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,714/mo property income covering a $4,327/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,630 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11801, Hicksville, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 10,269 (77.6%) |
| Renter Occupied HU | 2,523 (19.1%) |
| Vacant Housing Units | 436 ( 3.3%) |
| Median Home Value | $635,721 |
| Average Home Value | $662,052 |
Housing Distribution
Address Breakdown
Residential
12,324
Single Family
12,043
Multi-Family
281
Businesses
1,783
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Listed by: Darwin Martinez • Winzone Realty Inc
Mls Name: OneKey MLS
Mls ID: #948338