254-15 74th Ave FLOOR 1Glen OaksNY11004
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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 Glen Oaks at 254-15 74th Ave FLOOR 1, Glen Oaks, NY, 11004 offers a 15.28% rental yield on a $425,000 purchase with $5,410/mo rent. Total monthly income registers $5,410/mo, and a $2,080/mo payment leaves $1,704/mo available for distribution. Annual cash flow reaches $20,449/yr on $140,888 to close, and return on cash invested stands at 34.42% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 184.01% and total cumulative return in cash at $259,253. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,410/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$868 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11004, Glen Oaks, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,803 (100%) |
| Owner Occupied HU | 3,190 (66.4%) |
| Renter Occupied HU | 1,383 (28.8%) |
| Vacant Housing Units | 230 ( 4.8%) |
| Median Home Value | $613,482 |
| Average Home Value | $655,926 |
Housing Distribution
Address Breakdown
Residential
4,805
Single Family
4,675
Multi-Family
130
Businesses
267
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