157-45 17th Rd #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
Rental property for sale in Whitestone at 157-45 17th Rd #1, Whitestone, NY, 11357 generates $2,534/mo in rent and, after a $1,395/mo payment, leaves $631/mo in cash flow. Total monthly income is $2,534/mo, and annual cash flow is $7,569/yr on $94,478 invested. Return on cash invested sits at 27.92% in year one, and rental yield is 10.67% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 146.44% and total cumulative return in cash sums $138,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,534/mo property income rather than buyer’s personal income.
Condo
Built in 1961
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: Marisa Storer • EAST COAST NEW YORK
Mls Name: NY State MLS
Mls ID: #11603370