34-20 83rd St #1G, Jackson Heights, NY, 11372 | $558/mo Cash Flow

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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

Rental property for sale in Jackson Heights at 34-20 83rd St #1G, Jackson Heights, NY, 11372 generates $6,353/mo in rent and, after a $3,421/mo payment, leaves $558/mo in cash flow. Total monthly income is $6,353/mo, and annual cash flow is $6,701/yr on $229,971 invested. Return on cash invested sits at 22.97% in year one, and rental yield is 10.91% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 122.02% and total cumulative return in cash sums $280,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,353/mo property income rather than buyer’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

$1,127 monthly HOA

More details about the property

RENOVATED 2BEDROOM 2BATH WITH MODERN INTERIOR APARTMENT & BUILDING FEATURE: * Prime Jackson Heights Location * One flight up above street level * Recessed lighting on dimmers throughout * Updated & Rewired Electrical Panel * Beautifully Hardwood floors throughout * Bright spacious corner unit facing East & West * Windowed open Kitchen/Quartz Countertop & glass backsplash * White lacquered Cabinets with LED lighting * Center Island with hood over stove * Designer light fixtures and Appliances * Dining foyer with large walk-in coat closet * Remote control ceiling fans & light fixture in Living Room * Kingsized Bedrooms with large walk-in closets & 3 windows * Ensuite Bathroom with double sink & large shower * Windowed Bathrooms with Bidet toilets * Onsite laundry room * 24/7 Security cameras * Live-in Super * Minutes to Subway Lines #7 R M E F Trains * CURRENT ASSESSMENT $540.89 ENDING APRIL 2026 APARTMENT CAN BE DELIVERED WITH CURRENT TENANTS OR VACANT INVESTORS WELCOME

Neighborhood Data

Neighborhood data shown for ZIP Code: 11372, Jackson Heights, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,163 (100%)
Owner Occupied HU	8,913 (34.1%)
Renter Occupied HU	15,967 (61.0%)
Vacant Housing Units	1,283 ( 4.9%)
Median Home Value	$581,835
Average Home Value	$683,675