24-75 38th St #C9AstoriaNY11103
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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 Astoria at 24-75 38th St #C9, Astoria, NY, 11103 uses $132,269 cash to close to unlock $8,693/yr annual cash flow and $724/mo monthly cash flow. Total monthly income runs $3,389/mo, and a $1,953/mo payment keeps the spread at $724/mo. Purchase price stands at $399,000, and rental yield measures 10.19% with $3,389/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 138.74% and total cumulative return in cash records $183,506. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,389/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1929
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11103, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,550 (100%) |
| Owner Occupied HU | 2,418 (13.0%) |
| Renter Occupied HU | 15,022 (81.0%) |
| Vacant Housing Units | 1,110 ( 6.0%) |
| Median Home Value | $1,059,461 |
| Average Home Value | $1,156,904 |
Housing Distribution
Address Breakdown
Residential
15,158
Single Family
3,818
Multi-Family
11,340
Businesses
1,500
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