10-24 166th St #5DFlushingNY11357
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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 Flushing at 10-24 166th St #5D, Flushing, NY, 11357 uses $122,618 cash to close to unlock $6,724/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $3,030/mo, and a $1,810/mo payment keeps the spread at $560/mo. Purchase price stands at $369,888, and rental yield measures 9.83% with $3,030/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $102,193 over five years. Five-year ROI reaches 132.91% and total cumulative return in cash records $162,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,030/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 10,869 (67.1%) |
| Renter Occupied HU | 4,406 (27.2%) |
| Vacant Housing Units | 912 ( 5.6%) |
| Median Home Value | $933,533 |
| Average Home Value | $975,786 |
Housing Distribution
Address Breakdown
Residential
13,607
Single Family
11,455
Multi-Family
2,152
Businesses
845
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