138-01 15th Ave #1WhitestoneNY11357
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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 Whitestone at 138-01 15th Ave #1, Whitestone, NY, 11357 offers a 8.43% rental yield on a $999,000 purchase with $7,020/mo rent. Total monthly income registers $7,020/mo, and a $4,890/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,181/yr on $328,671 to close, and return on cash invested stands at 21.33% in year one. Equity gained on principal adds $6,446/yr while 5% annual appreciation supports $276,005 over five years. Portfolio math shows five-year ROI at 111.09% and total cumulative return in cash at $365,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,020/mo property income against a $4,890/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 10,869 (67.1%) |
| Renter Occupied HU | 4,406 (27.2%) |
| Vacant Housing Units | 912 ( 5.6%) |
| Median Home Value | $933,533 |
| Average Home Value | $975,786 |
Housing Distribution
Address Breakdown
Residential
13,607
Single Family
11,455
Multi-Family
2,152
Businesses
845
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Listed by: Anthony Carollo • Carollo Real Estate
Mls Name: StreetEasy
Mls ID: #S1746857