115-25 Metropolitan Ave APT 161Richmond HillNY11418
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Richmond Hill at 115-25 Metropolitan Ave APT 161, Richmond Hill, NY, 11418 generates $3,826/mo in rent and, after a $2,442/mo payment, leaves $494/mo in cash flow. Total monthly income is $3,826/mo, and annual cash flow is $5,929/yr on $165,419 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 9.2% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 122.72% and total cumulative return in cash sums $203,010. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,826/mo property income rather than buyer’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11418, Richmond Hill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,667 (100%) |
| Owner Occupied HU | 4,364 (34.5%) |
| Renter Occupied HU | 7,498 (59.2%) |
| Vacant Housing Units | 805 ( 6.4%) |
| Median Home Value | $798,961 |
| Average Home Value | $843,414 |
Housing Distribution
Address Breakdown
Residential
8,703
Single Family
5,040
Multi-Family
3,663
Businesses
977
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Kolanovic • Signature Premier Properties
Mls Name: StreetEasy
Mls ID: #S1807369