131-11 Kew Gardens Rd. #6NRichmond HillNY11418
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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 Richmond Hill at 131-11 Kew Gardens Rd. #6N, Richmond Hill, NY, 11418 offers a 8.58% rental yield on a $269,000 purchase with $1,923/mo rent. Total monthly income registers $1,923/mo, and a $1,317/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,515/yr on $89,174 to close, and return on cash invested stands at 21.61% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 112.63% and total cumulative return in cash at $100,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,923/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1960
N/A lot
$N/A/sqft
No 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: Devi N. Yee • LA Rosa Realty New York LLC
Mls Name: OneKey MLS
Mls ID: #842817