260-40 73rd. Avenue 1st floorGlen 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 260-40 73rd. Avenue 1st floor, Glen Oaks, NY, 11004 uses $119,307 cash to close to unlock $7,154/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,762/mo payment keeps the spread at $596/mo. Purchase price stands at $359,900, and rental yield measures 10% with $3,000/mo rent. Return on cash invested shows 25.91% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 135.68% and total cumulative return in cash records $161,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No 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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