32-42 71st 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
Rental property for sale in East Elmhurst at 32-42 71st St, East Elmhurst, NY, 11370 generates $10,741/mo in rent and, after a $6,485/mo payment, leaves $1,893/mo in cash flow. Total monthly income is $10,741/mo, and annual cash flow is $22,717/yr on $429,300 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.73% on a $1,325,000 entry. Equity gained on principal adds $8,550/yr, while 5% annual appreciation builds toward $366,073 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash sums $576,364. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $10,741/mo property income rather than buyer’s personal income.
Multi Family
Built in 1965
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: Jim Pappas - Licensed Real Estate Broker • Rock Realty
Mls Name: StreetEasy
Mls ID: #1715461