17-53 166th Street UNIT 3-56WhitestoneNY11357
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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 17-53 166th Street UNIT 3-56, Whitestone, NY, 11357 listed at $249,500 pairs $2,737/mo rent with a $1,221/mo payment to leave $18/mo cash flow. Total monthly income runs $2,737/mo, and annual cash flow reaches $217/yr on $82,709 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 13.16% at a $249,500 basis. Equity gained on principal adds $1,610/yr, and annual property appreciation at 5% supports $68,932 by year five. Five-year ROI tracks 110.49% and total cumulative return in cash totals $91,389. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,737/mo property income relative to a $1,221/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1952
N/A lot
$N/A/sqft
$1,053 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: Andrea L Evans • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3568987
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