8 Ruby DriveGlen CoveNY11542
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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 Glen Cove at 8 Ruby Drive, Glen Cove, NY, 11542 listed at $599,000 pairs $6,790/mo rent with a $2,932/mo payment to leave $2,790/mo cash flow. Total monthly income runs $6,790/mo, and annual cash flow reaches $33,477/yr on $197,071 cash to close. Return on cash invested measures 37.05% in year one, and rental yield registers 13.6% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 195.36% and total cumulative return in cash totals $385,006. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,790/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11542, Glen Cove, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,898 (49.4%) |
| Renter Occupied HU | 5,283 (44.3%) |
| Vacant Housing Units | 751 ( 6.3%) |
| Median Home Value | $711,653 |
| Average Home Value | $818,218 |
Housing Distribution
Address Breakdown
Residential
10,071
Single Family
8,540
Multi-Family
1,531
Businesses
955
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Listed by: Kristen Hertler • Branch Real Estate Group LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3573177
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