32-25 88 St 32-23 88th Street #310East 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 32-25 88 St 32-23 88th Street #310, East Elmhurst, NY, 11369 uses $95,472 cash to close to unlock $11,477/yr annual cash flow and $956/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,410/mo payment keeps the spread at $956/mo. Purchase price stands at $288,000, and rental yield measures 12% with $2,880/mo rent. Return on cash invested shows 31.93% in year one, and 5% annual appreciation builds toward $79,569 over five years. Five-year ROI reaches 167.97% and total cumulative return in cash records $160,368. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,410/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: Vilma L. Abreu CBR • RE/MAX Team
Mls Name: OneKey MLS
Mls ID: #950789