263-03 73rd Avenue #03Glen 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
Rental property for sale in Glen Oaks at 263-03 73rd Avenue #03, Glen Oaks, NY, 11004 generates $2,280/mo in rent and, after a $1,317/mo payment, leaves $483/mo in cash flow. Total monthly income is $2,280/mo, and annual cash flow is $5,799/yr on $89,174 invested. Return on cash invested sits at 26.41% in year one, and rental yield is 10.17% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 138.39% and total cumulative return in cash sums $123,407. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,280/mo property income rather than buyer’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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