31-18 82nd StEast ElmhurstNY11370
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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 East Elmhurst at 31-18 82nd St, East Elmhurst, NY, 11370 listed at $1,200,000 pairs $5,942/mo rent with a $5,873/mo payment. Total monthly income runs $5,942/mo. Return on cash invested measures 13.98% in year one, and rental yield registers 5.94% at a $1,200,000 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,538 by year five. Five-year ROI tracks 71.59% and total cumulative return in cash totals $278,339. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,942/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11370, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,647 (100%) |
| Owner Occupied HU | 4,231 (39.7%) |
| Renter Occupied HU | 5,718 (53.7%) |
| Vacant Housing Units | 698 ( 6.6%) |
| Median Home Value | $876,118 |
| Average Home Value | $926,655 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
5,323
Multi-Family
1,396
Businesses
254
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Listed by: Vilma Lissette Abreu - Licensed Associate Real Estate Broker • RE MAX Team
Mls Name: StreetEasy
Mls ID: #1713160