112-03 15th AvenueCollege PointNY11356
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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 College Point at 112-03 15th Avenue, College Point, NY, 11356 generates $3,466/mo in rent, after a $5,325/mo payment. Total monthly income is $3,466/mo. Return on cash invested sits at 7.44% in year one, and rental yield is 3.82% on a $1,088,000 entry. Equity gained on principal adds $7,021/yr, while 5% annual appreciation builds toward $300,594 over five years. Five-year ROI reaches 36.52% and total cumulative return in cash sums $128,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,466/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
2,242 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11356, College Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,479 (100%) |
| Owner Occupied HU | 4,017 (42.4%) |
| Renter Occupied HU | 4,870 (51.4%) |
| Vacant Housing Units | 592 ( 6.2%) |
| Median Home Value | $874,864 |
| Average Home Value | $916,980 |
Housing Distribution
Address Breakdown
Residential
6,378
Single Family
5,555
Multi-Family
823
Businesses
766
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Listed by: Haijing Yang • E Realty International Corp
Mls Name: OneKey MLS
Mls ID: #931111