32-40 89th St #C409East 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 32-40 89th St #C409, East Elmhurst, NY, 11369 listed at $392,000 pairs $3,720/mo rent with a $1,919/mo payment to leave $1,102/mo cash flow. Total monthly income runs $3,720/mo, and annual cash flow reaches $13,223/yr on $129,948 cash to close. Return on cash invested measures 30.08% in year one, and rental yield registers 11.39% at a $392,000 basis. Equity gained on principal adds $2,530/yr, and annual property appreciation at 5% supports $108,302 by year five. Five-year ROI tracks 158.04% and total cumulative return in cash totals $205,368. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,720/mo property income relative to a $1,919/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
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 Lissette Abreu • RE MAX Team
Mls Name: StreetEasy
Mls ID: #S1802758