22-55 78th St #2EEast 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
Investment property for sale in East Elmhurst at 22-55 78th St #2E, East Elmhurst, NY, 11370 earns $74/mo cash flow from $2,845/mo rent with a $2,031/mo payment. Total monthly income totals $2,845/mo, and annual cash flow totals $887/yr on $137,573 capital. ROI tracks 20.55% on current figures, and rental yield reads 8.23% at a $415,000 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 106.94% and total cumulative return in cash sums $147,117. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,845/mo property income instead of your 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: Jim Pappas • Rock Realty
Mls Name: StreetEasy
Mls ID: #S1794724