144-37 79th ave #1RQueensNY11367
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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 Queens at 144-37 79th ave #1R, Queens, NY, 11367 offers a 8.09% rental yield on a $238,000 purchase with $1,605/mo rent. Total monthly income registers $1,605/mo, and a $1,165/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $187/yr on $78,897 to close, and return on cash invested stands at 20.15% in year one. Equity gained on principal adds $1,536/yr while 5% annual appreciation supports $65,755 over five years. Portfolio math shows five-year ROI at 104.76% and total cumulative return in cash at $82,654. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,605/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1945
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11367, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,834 (100%) |
| Owner Occupied HU | 7,105 (42.2%) |
| Renter Occupied HU | 8,819 (52.4%) |
| Vacant Housing Units | 910 ( 5.4%) |
| Median Home Value | $786,829 |
| Average Home Value | $751,460 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
7,643
Multi-Family
7,078
Businesses
461
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