251-05 51st 51st AvenueLittle NeckNY11362
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Little Neck at 251-05 51st 51st Avenue, Little Neck, NY, 11362 offers a 4.13% rental yield on a $1,588,000 purchase with $5,460/mo rent. 37% in year one. Equity gained on principal adds $10,247/yr while 5% annual appreciation supports $438,735 over five years. Portfolio math shows five-year ROI at 41.54% and total cumulative return in cash at $213,736. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,460/mo property income against a $7,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
4,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11362, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,427 (100%) |
| Owner Occupied HU | 5,639 (75.9%) |
| Renter Occupied HU | 1,397 (18.8%) |
| Vacant Housing Units | 391 ( 5.3%) |
| Median Home Value | $835,946 |
| Average Home Value | $827,796 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,094
Multi-Family
759
Businesses
410
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edna Mashaal • Edna Mashaal Realty LLC
Mls Name: OneKey MLS
Mls ID: #941078