Real Estate Investing in Island Park, New York (11558)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11558 (Island Park, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Island Park, NY (11558)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11558 Island Park
This part of Nassau County is not an easy win. The 11558 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $3,773/mo on a $762K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 11558 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Island Park have seen price recovery that 11558 has not matched. Nassau County data supports the view that the spread is structural rather than temporary.
The 11558 ZIP's population of 8,532 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The right play in 11558 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Island Park:
Property Strategy for 11558
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $611,545 | $2,750 | 3.2% | +6.8% | $305,772 |
| 3BR | $729,769 | $3,570 | 3.5% | +7.0% | $243,256 |
| 4BR | $785,034 | $3,770 | 3.5% | +6.6% | $196,258 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11558 Compare?
| Metric | 11558 | Island Park | New York |
|---|---|---|---|
| Home Value | $762,408 | $762,408 | $505,608 |
| 5-Year CAGR | 5.1% | 5.1% | 6.6% |
| Avg Rent | $3,773 | $3,773 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11558 (Island Park, NY). Anonymous, moderated, never written by AI.
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Property managers serving Nassau County
Manage rentals here? List your business →Bell Realty Management, Inc. is a premier management company for apartment houses, retail, office, mixed-use, and various commercial properties in NYC and Long Island. summary from their website
Cain Realty Management Corp. is a family-owned and operated industrial and commercial property management company in Plainview, NY. summary from their website
Boraie Development creates and manages visionary communities in New Jersey's urban centers, focusing on transformative projects. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $762,408 |
| Monthly Rent | $3,773 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11558
Population: 8,532
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11558
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
EAST ELEMENTARY SCHOOL
EAST ROCKAWAY JUNIOR-SENIOR HIGH SCHOOL
LIDO ELEMENTARY SCHOOL
LINDELL BOULEVARD SCHOOL
LONG BEACH MIDDLE SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average monthly rent in Island Park, NY?
Expect rents around $3,773/mo per month in Island Park, NY. With home values at $762K, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate in Island Park, NY?
The landlord environment in Island Park, NY is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.
Is Island Park, NY a smart market for rental property?
With a 3.0/5 investability score, Island Park, NY ranks as a solid market for rental property investors. Median prices of $762K and rents of $3,773/mo drive the underlying numbers.
How high is vacancy risk in Island Park, NY?
Vacancy risk in Island Park, NY is elevated. That supports reliable cash flow for typical rental holds.
Which investment style suits Island Park, NY?
A careful cash-flow rentals with hands-on management strategy Island Park, NY best. The market produces steady results for that approach at the $762K price point.
You know 11558 now. You don’t know where it ranks.
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How 11558 ranks in New York-Newark-Jersey City, NY-NJ-PA
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