163-56 17th Ave #4-323WhitestoneNY11357
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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 163-56 17th Ave #4-323, Whitestone, NY, 11357 uses $96,135 cash to close to unlock $82/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $1,943/mo, and a $1,419/mo payment keeps the spread at $7/mo. Purchase price stands at $290,000, and rental yield measures 8.04% with $1,943/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 103.93% and total cumulative return in cash records $99,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,943/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Condo
Built in N/A
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: David Legaz • Keller Williams Realty Landmark
Mls Name: StreetEasy
Mls ID: #S1791572