907 N 2nd StNew Hyde ParkNY11040
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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
Investment property for sale in New Hyde Park at 907 N 2nd St, New Hyde Park, NY, 11040 uses $240,269 cash to close to unlock $6,476/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $5,416/mo, and a $3,574/mo payment keeps the spread at $540/mo. Purchase price stands at $730,300, and rental yield measures 8.9% with $5,416/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $201,768 over five years. Five-year ROI reaches 118.72% and total cumulative return in cash records $285,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,416/mo property income covering a $3,574/mo payment rather than investor’s personal income.
Single Family
Built in 1966
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11040, New Hyde Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,897 (100%) |
| Owner Occupied HU | 11,794 (84.9%) |
| Renter Occupied HU | 1,591 (11.4%) |
| Vacant Housing Units | 512 ( 3.7%) |
| Median Home Value | $824,675 |
| Average Home Value | $844,167 |
Housing Distribution
Address Breakdown
Residential
13,586
Single Family
13,028
Multi-Family
558
Businesses
1,369
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