16-22 163rd Street #6-348QueensNY11357
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 16-22 163rd Street #6-348, Queens, NY, 11357 uses $117,683 cash to close to unlock $14,651/yr annual cash flow and $1,221/mo monthly cash flow. Total monthly income runs $3,592/mo, and a $1,738/mo payment keeps the spread at $1,221/mo. Purchase price stands at $355,000, and rental yield measures 12.14% with $3,592/mo rent. Return on cash invested shows 32.36% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 170.25% and total cumulative return in cash records $200,352. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,592/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Condo
Built in 1955
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David M. Legaz AHWD CBR GRI SRES C • Keller Williams Rlty Landmark
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #859153
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.