84 Cherry LnFloral ParkNY11001
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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 Floral Park at 84 Cherry Ln, Floral Park, NY, 11001 generates $4,442/mo in rent, after a $3,866/mo payment. Total monthly income is $4,442/mo. Return on cash invested sits at 16.22% in year one, and rental yield is 6.75% on a $789,900 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,235 over five years. Five-year ROI reaches 83.65% and total cumulative return in cash sums $217,385. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,442/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11001, Floral Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,093 (100%) |
| Owner Occupied HU | 7,391 (73.2%) |
| Renter Occupied HU | 2,292 (22.7%) |
| Vacant Housing Units | 410 ( 4.1%) |
| Median Home Value | $777,870 |
| Average Home Value | $801,033 |
Housing Distribution
Address Breakdown
Residential
8,579
Single Family
7,975
Multi-Family
604
Businesses
639
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