196-72 69th Ave 1 FLFresh 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 196-72 69th Ave 1 FL, Fresh Meadows, NY, 11365 uses $109,064 cash to close to unlock $11,799/yr annual cash flow and $983/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $1,610/mo payment keeps the spread at $983/mo. Purchase price stands at $329,000, and rental yield measures 11.6% with $3,180/mo rent. Return on cash invested shows 30.73% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 161.52% and total cumulative return in cash records $176,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Condo
Built in 1955
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: Gaurav Kerney • RE/MAX Luxe
Mls Name: OneKey MLS
Mls ID: #951275