9 Belmont AvenueFloral ParkNY11001
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9 Belmont Avenue, Floral Park, NY, 11001 priced at $829,000 converts $3,840/mo rent into after a $4,058/mo obligation. Total monthly income equals $3,840/mo. Return on cash invested prints 12.6% in year one, and rental yield reads 5.56% against a $829,000 entry. Equity gained on principal adds $5,349/yr, while 5% annual appreciation compiles into $229,037 by year five. Five-year ROI reaches 64.24% and total cumulative return in cash sums $175,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $4,058/mo payment, not borrower’s personal income.
Single Family
Built in 1918
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew C. Chiarelli • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #954029