1215 BroadwayAstoriaNY11106
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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 Astoria at 1215 Broadway, Astoria, NY, 11106 offers a 8.26% rental yield on a $475,000 purchase with $3,270/mo rent. Total monthly income registers $3,270/mo, and a $2,325/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,175/yr on $157,463 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 107.47% and total cumulative return in cash at $169,231. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,270/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11106, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,170 (100%) |
| Owner Occupied HU | 3,323 (16.5%) |
| Renter Occupied HU | 15,910 (78.9%) |
| Vacant Housing Units | 937 ( 4.6%) |
| Median Home Value | $769,724 |
| Average Home Value | $891,110 |
Housing Distribution
Address Breakdown
Residential
19,020
Single Family
2,476
Multi-Family
16,544
Businesses
1,233
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