91 Tulip Avenue #E2Floral 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 91 Tulip Avenue #E2, Floral Park, NY, 11001 generates $3,906/mo in rent and, after a $1,953/mo payment, leaves $1,241/mo in cash flow. Total monthly income is $3,906/mo, and annual cash flow is $14,897/yr on $132,269 invested. Return on cash invested sits at 31.17% in year one, and rental yield is 11.75% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 163.9% and total cumulative return in cash sums $216,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,906/mo property income rather than buyer’s personal income.
Condo
Built in 1953
N/A 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: Una Walsh • Floral Homes Inc
Mls Name: OneKey MLS
Mls ID: #903494