331 Richmond Rd #1Little NeckNY11363
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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
Total monthly income runs $3,420/mo, and a $7,332/mo payment. Purchase price stands at $1,498,000, and rental yield measures 2.74% with $3,420/mo rent. Return on cash invested shows 4.09% in year one, and 5% annual appreciation builds toward $413,870 over five years. Five-year ROI reaches 18.59% and total cumulative return in cash records $90,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,420/mo property income covering a $7,332/mo payment rather than investor’s personal income.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11363, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,892 (64.5%) |
| Renter Occupied HU | 866 (29.5%) |
| Vacant Housing Units | 175 ( 6.0%) |
| Median Home Value | $1,074,519 |
| Average Home Value | $1,146,069 |
Housing Distribution
Address Breakdown
Residential
2,620
Single Family
2,155
Multi-Family
465
Businesses
186
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Listed by: David Esposito • Century Homes Realty Group LLC
Mls Name: StreetEasy
Mls ID: #S1802431