32-24 97th St, East Elmhurst, NY, 11369 | 4.28% Rental Yield

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32-24 97th St, East Elmhurst, NY, 11369 | 4.28% Rental Yield | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in East Elmhurst at 32-24 97th St, East Elmhurst, NY, 11369 offers a 4.28% rental yield on a $899,000 purchase with $3,209/mo rent. 72% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Portfolio math shows five-year ROI at 43.47% and total cumulative return in cash at $128,566. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,209/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1901

N/A lot

$N/A/sqft

No HOA

More details about the property

Ideal for savvy investors and primary home owners alike 32-24 97th street is a turn key, move in ready brick two family nestled on a beautiful tree lined street of North Corona. Just off Northern Blvd. Configured as 2 bedroom 1 bath rental unit over a 1 bedroom 1 bath garden unit which can easily be used as a garden-basement duplex to create additional living/recreational space. Both units enjoy expansive sun drenched living/dining area which provide great space for entertaining. Beautiful chefs granite kitchens equipped with floor to ceiling cabinetry and adorned with a full fleet of stainless steel appliances. Spacious bedrooms with ample closet space. Fully tiled bathrooms adorned with state of the art wall & floor tiles. Conveniently located with close proximity to major transportation which makes commuting a breeze. Just off Northern Blvd, Asotria Blvd, Roosevelt Avenue, Broadway, Brooklyn Queens Expressway, Grand Central Parkway. LaGuardia Airport, Schools, shopping centers, restaurants, cafes, parks, and many other vibrant neighborhood amenities.

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