32-56 107th St, East Elmhurst, NY, 11369 | 3.84% Rental Yield

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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

Total monthly income runs $3,203/mo, and a $4,895/mo payment. Purchase price stands at $999,999, and rental yield measures 3.84% with $3,203/mo rent. Return on cash invested shows 7.39% in year one, and 5% annual appreciation builds toward $276,281 over five years. Five-year ROI reaches 36.31% and total cumulative return in cash records $119,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,203/mo property income covering a $4,895/mo payment rather than investor’s personal income.

Multi Family

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 32-56 107th Street, a spacious two-family home located in the vibrant neighborhood of East Elmhurst, Queens. With a total of 7 bedrooms and 3 full bathrooms, this property is ideal for personal use or those seeking a great investment opportunity. The first floor features 3 bedrooms, a comfortable living room, an eat-in kitchen, and a full bathroom. Upstairs, the second floor includes 4 bedrooms, a bright living room, an eat-in kitchen, and another full bathroom. The fully finished basement adds even more space, complete with a recreation room and a full bathroom, perfect for gatherings or additional living arrangements.

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