21-12 78th St #1East ElmhurstNY11370
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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
Rental property for sale in East Elmhurst at 21-12 78th St #1, East Elmhurst, NY, 11370 generates $2,734/mo in rent, after a $2,716/mo payment. Total monthly income is $2,734/mo. Return on cash invested sits at 13.67% in year one, and rental yield is 5.91% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 70.03% and total cumulative return in cash sums $127,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,734/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11370, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,647 (100%) |
| Owner Occupied HU | 4,231 (39.7%) |
| Renter Occupied HU | 5,718 (53.7%) |
| Vacant Housing Units | 698 ( 6.6%) |
| Median Home Value | $876,118 |
| Average Home Value | $926,655 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
5,323
Multi-Family
1,396
Businesses
254
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Listed by: Joshua Glikman • First State Realty LLC
Mls Name: StreetEasy
Mls ID: #S1782393