24-34 87th 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
Rental property for sale in East Elmhurst at 24-34 87th St, East Elmhurst, NY, 11369 generates $6,848/mo in rent and, after a $4,601/mo payment, leaves $571/mo in cash flow. Total monthly income is $6,848/mo, and annual cash flow is $6,848/yr on $309,260 invested. Return on cash invested sits at 22.27% in year one, and rental yield is 8.74% on a $940,000 entry. Equity gained on principal adds $6,066/yr, while 5% annual appreciation builds toward $259,705 over five years. Five-year ROI reaches 116.14% and total cumulative return in cash sums $359,178. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,848/mo property income rather than buyer’s personal income.
Apartment
Built in 1940
N/A 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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Listed by: Darrell Williams - Licensed Associate Real Estate Broker • Compass
Mls Name: StreetEasy
Mls ID: #1732441