160-46 16th Avenue #6-319QueensNY11357
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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 160-46 16th Avenue #6-319, Queens, NY, 11357 offers a 9.09% rental yield on a $399,999 purchase with $3,030/mo rent. Total monthly income registers $3,030/mo, and a $1,958/mo payment leaves $359/mo available for distribution. Annual cash flow reaches $4,304/yr on $132,600 to close, and return on cash invested stands at 23.15% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,512 over five years. Portfolio math shows five-year ROI at 120.89% and total cumulative return in cash at $160,299. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,030/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-11 | Listed for sale | $399,999 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Cooperative
- Year Built: 1950
- Architectural Style: Garden
- Building Area: 700
- Living Area: 700 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Baseboard, Oil
- Cooling: Central Air
- Flooring: N/A
- Interior Features: First Floor Bedroom, Eat-in Kitchen
- Exterior Features: N/A
- Parking Features: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Contact Agent
- Middle School: Jhs 194 William Carr
- High School: Contact Agent
Listed by: Kathleen Eisman • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #834065
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