81 Phipps LnPlainviewNY11803
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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
Rental property for sale in Plainview at 81 Phipps Ln, Plainview, NY, 11803 priced at $750,000 converts $5,038/mo rent into $30/mo cash flow after a $3,671/mo obligation. Total monthly income equals $5,038/mo, and annual cash flow totals $354/yr on $246,750 invested. Return on cash invested prints 20.2% in year one, and rental yield reads 8.06% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 105.04% and total cumulative return in cash sums $259,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,038/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11803, Plainview, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,328 (100%) |
| Owner Occupied HU | 8,949 (86.6%) |
| Renter Occupied HU | 796 ( 7.7%) |
| Vacant Housing Units | 583 ( 5.6%) |
| Median Home Value | $746,133 |
| Average Home Value | $799,170 |
Housing Distribution
Address Breakdown
Residential
10,286
Single Family
10,031
Multi-Family
255
Businesses
1,275
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