116-24 Grosvenor Lane #8DKew GardensNY11415
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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 Kew Gardens at 116-24 Grosvenor Lane #8D, Kew Gardens, NY, 11415 listed at $572,500 pairs $3,600/mo rent with a $2,802/mo payment. Total monthly income runs $3,600/mo. Return on cash invested measures 18.64% in year one, and rental yield registers 7.55% at a $572,500 basis. Equity gained on principal adds $3,694/yr, and annual property appreciation at 5% supports $158,171 by year five. Five-year ROI tracks 96.66% and total cumulative return in cash totals $182,070. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $2,802/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11415, Kew Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 3,310 (35.8%) |
| Renter Occupied HU | 5,339 (57.8%) |
| Vacant Housing Units | 587 ( 6.4%) |
| Median Home Value | $544,118 |
| Average Home Value | $745,670 |
Housing Distribution
Address Breakdown
Residential
8,758
Single Family
1,315
Multi-Family
7,443
Businesses
432
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Listed by: Lily G. Tran CBR • EXP Realty
Mls Name: OneKey MLS
Mls ID: #891454