162-40 9th Ave APT 8BWhitestoneNY11357
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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 162-40 9th Ave APT 8B, Whitestone, NY, 11357 generates $3,664/mo in rent and, after a $2,153/mo payment, leaves $727/mo in cash flow. Total monthly income is $3,664/mo, and annual cash flow is $8,718/yr on $145,823 invested. Return on cash invested sits at 25.89% in year one, and rental yield is 10% on a $439,888 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,533 over five years. Five-year ROI reaches 135.55% and total cumulative return in cash sums $197,663. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,664/mo property income rather than buyer’s personal income.
Condo
Built in 1958
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: Bobby Gellert • Shares of New York Marketing LLC
Mls Name: StreetEasy
Mls ID: #S1784615