32-23 88 Street #306East ElmhurstNY11369
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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 32-23 88 Street #306, East Elmhurst, NY, 11369 uses $82,875 cash to close to unlock $314/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $1,224/mo payment keeps the spread at $26/mo. Purchase price stands at $250,000, and rental yield measures 8.14% with $1,696/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 105.55% and total cumulative return in cash records $87,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11369, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,661 (100%) |
| Owner Occupied HU | 5,344 (42.2%) |
| Renter Occupied HU | 6,442 (50.9%) |
| Vacant Housing Units | 875 ( 6.9%) |
| Median Home Value | $830,833 |
| Average Home Value | $834,560 |
Housing Distribution
Address Breakdown
Residential
7,855
Single Family
5,529
Multi-Family
2,326
Businesses
348
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Listed by: Doris Tsang • Winzone Realty Inc
Mls Name: OneKey MLS
Mls ID: #926392