89 Clinch AveGarden CityNY11530
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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 Garden City at 89 Clinch Ave, Garden City, NY, 11530 generates $6,949/mo in rent, after a $6,551/mo payment. Total monthly income is $6,949/mo. Return on cash invested sits at 14.87% in year one, and rental yield is 6.23% on a $1,338,500 entry. Equity gained on principal adds $8,637/yr, while 5% annual appreciation builds toward $369,803 over five years. Five-year ROI reaches 76.36% and total cumulative return in cash sums $331,171. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11530, Garden City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 8,533 (85.9%) |
| Renter Occupied HU | 981 ( 9.9%) |
| Vacant Housing Units | 423 ( 4.3%) |
| Median Home Value | $962,312 |
| Average Home Value | $1,087,331 |
Housing Distribution
Address Breakdown
Residential
9,698
Single Family
8,487
Multi-Family
1,211
Businesses
2,190
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Listed by: N/A • N/A
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