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$699,999

For Sale - Active
190 Westside Ave, Freeport, NY 11520
6 Beds
3 Baths
2,095 Square Feet
0.15 Acres Lot
Built in 1912
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Apr 20, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$2,336
Cap Rate
2.1%
Cash-on-Cash Return
-17.4%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-12.8%

Property Description


0.15 Acres Lot
Built in 1912
For Sale - Active
1 Units

Welcome to 190 Westside Avenue, a beautifully updated six-bedroom, three-bathroom Victorian home offering a perfect blend of classic charm and modern convenience. This home features a spacious layout with hardwood floors, high ceilings, and plenty of natural light throughout. The renovated kitchen is designed for both style and functionality, featuring white shaker cabinets, quartz countertops, and stainless steel appliances. Each of the three full bathrooms has been updated with sleek vanities, glass-enclosed showers, and contemporary tile work. One of the standout features of this home is the finished attic space, accessible by a stylish spiral staircase. This versatile area can be used as an additional bedroom, office, or recreational space. Outside, the private fenced backyard includes a large deck, perfect for entertaining or relaxing. Located in a prime Freeport location, this home is just minutes from shopping, dining, and major transportation, making commuting easy. With its spacious layout, modern updates, and timeless character, this home is a must-see. Schedule your showing today!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Attic: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)

Land Information

  • Land Use: Residential
  • Land Use Subtype: General - Single

Lot Information

  • Parcel ID: 62031000014
  • Lot Size: 6534 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Victorian
  • Year Built: 1912

Tax Information

  • Annual Tax: $9,565

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Forced Air
  • Cooling: Wall/Window Unit(s)

Location

  • County: Nassau

Listing Details


Listed by:
Walter Valladares
Voro LLC
(877) 943-8676

Source:
OneKey MLS
MLS#: 837301
OneKey MLS

Investment Summary


Monthly Cash Flow
-$2,336
Cap Rate
2.1%
Cash-on-Cash Return
-17.4%
Debt Coverage Ratio
0.34
Internal Rate of Return (5 years)
-12.8%

Purchase Details

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Purchase price:
$699,999
Amount financed:
-$559,999
Down payment:
$140,000
Closing costs:
$21,000
Rehab costs:
$0
Initial cash invested:
$161,000
Square feet:
2,095
Cost per square foot:
$334
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$559,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.500%
Principal & interest:
$3,540
Property tax:
$797
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,540

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (27%)
27%-$797-$9,565
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (52%)
52%-$1,522-$18,265

Cash Flow


Monthly Yearly
Net operating income:
$1,204 $14,448
Mortgage payments:
-$3,540 -$42,480
Cash flow:
$2,336 $28,032