876 Woodmere PlaceWoodmereNY11598
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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 Woodmere at 876 Woodmere Place, Woodmere, NY, 11598 generates $4,137/mo in rent, after a $5,869/mo payment. Total monthly income is $4,137/mo. Return on cash invested sits at 8.41% in year one, and rental yield is 4.14% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 41.76% and total cumulative return in cash sums $162,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,137/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,733 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11598, Woodmere, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,273 (100%) |
| Owner Occupied HU | 3,590 (84.0%) |
| Renter Occupied HU | 474 (11.1%) |
| Vacant Housing Units | 209 ( 4.9%) |
| Median Home Value | $975,543 |
| Average Home Value | $1,120,117 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
3,738
Multi-Family
461
Businesses
333
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