120-33 Cove Ct #99College PtNY11356
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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 College Pt at 120-33 Cove Ct #99, College Pt, NY, 11356 offers a 10.74% rental yield on a $868,000 purchase with $7,770/mo rent. Total monthly income registers $7,770/mo, and a $4,248/mo payment leaves $1,480/mo available for distribution. Annual cash flow reaches $17,761/yr on $285,572 to close, and return on cash invested stands at 26.28% in year one. Equity gained on principal adds $5,601/yr while 5% annual appreciation supports $239,812 over five years. Portfolio math shows five-year ROI at 138.38% and total cumulative return in cash at $395,169. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,770/mo property income against a $4,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
$494 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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Listed by: Xingzhou (Chris) Chen - Licensed Real Estate Salesperson • Winzone Realty Inc
Mls Name: StreetEasy
Mls ID: #1729449