24-03 88th StEast ElmhurstNY11369
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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 24-03 88th St, East Elmhurst, NY, 11369 earns from $4,359/mo rent with a $5,819/mo payment. Total monthly income totals $4,359/mo. ROI tracks 9.22% on current figures, and rental yield reads 4.4% at a $1,188,888 purchase. Equity gained on principal adds $7,672/yr, and 5% annual appreciation supports $328,468 over five years. Five-year ROI reaches 46.06% and total cumulative return in cash sums $177,423. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,359/mo property income instead of your personal income.
Single Family
Built in 1954
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11369, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,661 (100%) |
| Owner Occupied HU | 5,344 (42.2%) |
| Renter Occupied HU | 6,442 (50.9%) |
| Vacant Housing Units | 875 ( 6.9%) |
| Median Home Value | $830,833 |
| Average Home Value | $834,560 |
Housing Distribution
Address Breakdown
Residential
7,855
Single Family
5,529
Multi-Family
2,326
Businesses
348
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