196-58 69th Avenue #1Fresh MeadowsNY11365
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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 Fresh Meadows at 196-58 69th Avenue #1, Fresh Meadows, NY, 11365 offers a 8.4% rental yield on a $238,000 purchase with $1,666/mo rent. Total monthly income registers $1,666/mo, and a $1,165/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $919/yr on $78,897 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $1,536/yr while 5% annual appreciation supports $65,755 over five years. Portfolio math shows five-year ROI at 109.75% and total cumulative return in cash at $86,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,666/mo property income against a $1,165/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11365, Fresh Meadows, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,014 (100%) |
| Owner Occupied HU | 6,407 (40.0%) |
| Renter Occupied HU | 8,958 (55.9%) |
| Vacant Housing Units | 649 ( 4.1%) |
| Median Home Value | $911,484 |
| Average Home Value | $962,059 |
Housing Distribution
Address Breakdown
Residential
15,102
Single Family
7,926
Multi-Family
7,176
Businesses
560
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Listed by: Zhihua Guan • Prospes Real Estate Corp
Mls Name: OneKey MLS
Mls ID: #947828