803 Michele LaneWantaghNY11793
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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 Wantagh at 803 Michele Lane, Wantagh, NY, 11793 earns from $3,600/mo rent with a $5,824/mo payment. Total monthly income totals $3,600/mo. ROI tracks 6.84% on current figures, and rental yield reads 3.63% at a $1,189,898 purchase. Equity gained on principal adds $7,678/yr, and 5% annual appreciation supports $328,747 over five years. Five-year ROI reaches 33.34% and total cumulative return in cash sums $128,528. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.
Single Family
Built in 1988
8,055 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11793, Wantagh, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 9,873 (89.8%) |
| Renter Occupied HU | 801 ( 7.3%) |
| Vacant Housing Units | 317 ( 2.9%) |
| Median Home Value | $661,408 |
| Average Home Value | $714,075 |
Housing Distribution
Address Breakdown
Residential
10,619
Single Family
10,471
Multi-Family
148
Businesses
735
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