118-60 Metro Ave #2DKew 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
Rental property for sale in Kew Gardens at 118-60 Metro Ave #2D, Kew Gardens, NY, 11415 generates $4,183/mo in rent and, after a $1,268/mo payment, leaves $1,639/mo in cash flow. Total monthly income is $4,183/mo, and annual cash flow is $19,669/yr on $85,859 invested. Return on cash invested sits at 42.82% in year one, and rental yield is 19.38% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 230.5% and total cumulative return in cash sums $197,908. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,183/mo property income rather than buyer’s personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
$814 monthly 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: Lisa Monteleone Berge - Licensed Real Estate Broker • Lisa Realty Group LTD
Mls Name: StreetEasy
Mls ID: #1725296