24-75 38th St UNIT A6AstoriaNY11103
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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 UNIT A6, Astoria, NY, 11103 listed at $475,000 pairs $3,332/mo rent with a $2,325/mo payment to leave $160/mo cash flow. Total monthly income runs $3,332/mo, and annual cash flow reaches $1,919/yr on $157,463 cash to close. Return on cash invested measures 21.13% in year one, and rental yield registers 8.42% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 110.01% and total cumulative return in cash totals $173,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,332/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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