99 Madison Street #6UPt WashingtonNY11050
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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 Pt Washington at 99 Madison Street #6U, Pt Washington, NY, 11050 offers a 10% rental yield on a $349,999 purchase with $2,917/mo rent. Total monthly income registers $2,917/mo, and a $1,713/mo payment leaves $580/mo available for distribution. Annual cash flow reaches $6,958/yr on $116,025 to close, and return on cash invested stands at 25.91% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,698 over five years. Portfolio math shows five-year ROI at 135.63% and total cumulative return in cash at $157,370. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,917/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1956
3.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11050, Port Washington, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,976 (100%) |
| Owner Occupied HU | 7,573 (63.2%) |
| Renter Occupied HU | 3,694 (30.8%) |
| Vacant Housing Units | 709 ( 5.9%) |
| Median Home Value | $988,902 |
| Average Home Value | $1,161,958 |
Housing Distribution
Address Breakdown
Residential
11,462
Single Family
10,102
Multi-Family
1,360
Businesses
1,262
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Listed by: Zehava Friedman • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #952321