117-01 Park Ln #C1FRichmond HillNY11418
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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
Investment property for sale in Richmond Hill at 117-01 Park Ln #C1F, Richmond Hill, NY, 11418 listed at $370,100 pairs $3,317/mo rent with a $1,811/mo payment. Total monthly income runs $3,317/mo. Return on cash invested measures 18.03% in year one, and rental yield registers 10.75% at a $370,100 basis. Equity gained on principal adds $2,388/yr, and annual property appreciation at 5% supports $102,252 by year five. Five-year ROI tracks 97.08% and total cumulative return in cash totals $119,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,317/mo property income relative to a $1,811/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1935
N/A lot
$N/A/sqft
$1,038 monthly 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
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Listed by: N/A • N/A
Mls Name: Halstead / Brown Harris Stevens
Mls Provider:
Mls ID: #23458808