85-86 263 StreetFloral 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 85-86 263 Street, Floral Park, NY, 11001 generates $6,900/mo in rent and, after a $4,053/mo payment, leaves $1,370/mo in cash flow. Total monthly income is $6,900/mo, and annual cash flow is $16,445/yr on $272,412 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 10% on a $828,000 entry. Equity gained on principal adds $5,343/yr, while 5% annual appreciation builds toward $228,761 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash sums $372,218. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,900/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
4,000 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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Listed by: Etan Hakimi • Mitra Hakimi Realty Group LLC
Mls Name: OneKey MLS
Mls ID: #945683