16241 Powells Cove BlvdWhitestoneNY11357
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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 Whitestone at 16241 Powells Cove Blvd, Whitestone, NY, 11357 earns from $2,689/mo rent with a $2,153/mo payment. Total monthly income totals $2,689/mo. ROI tracks 4.62% on current figures, and rental yield reads 7.34% at a $439,888 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,533 over five years. Five-year ROI reaches 26.32% and total cumulative return in cash sums $38,387. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,689/mo property income instead of your personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
$1,609 monthly 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: #S1756297