251-16 60th Ave #5ALittle NeckNY11362
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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 Little Neck at 251-16 60th Ave #5A, Little Neck, NY, 11362 earns $724/mo cash flow from $3,161/mo rent with a $1,786/mo payment. Total monthly income totals $3,161/mo, and annual cash flow totals $8,689/yr on $120,998 capital. ROI tracks 27.09% on current figures, and rental yield reads 10.39% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 142.03% and total cumulative return in cash sums $171,847. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,161/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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
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Listed by: Diana Alfaro • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1799674