120-16 Cove Court UNIT 87College PtNY11356
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
Investment property for sale in College Pt at 120-16 Cove Court UNIT 87, College Pt, NY, 11356 earns $616/mo cash flow from $6,013/mo rent with a $3,651/mo payment. Total monthly income totals $6,013/mo, and annual cash flow totals $7,388/yr on $245,434 capital. ROI tracks 23.07% on current figures, and rental yield reads 9.67% at a $746,000 purchase. Equity gained on principal adds $4,814/yr, and 5% annual appreciation supports $206,106 over five years. Five-year ROI reaches 121.14% and total cumulative return in cash sums $297,322. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,013/mo property income instead of your personal income.
Townhouse
Built in 1984
N/A lot
$N/A/sqft
$416 monthly 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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Nearby investment properties with comparable prices
Listed by: Yinzhu Jin • New Group Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3542021
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