37-16 83 Street #2A, Jackson Heights, NY, 11372 | $563/mo Cash Flow

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37-16 83 Street #2A, Jackson Heights, NY, 11372 | $563/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in Jackson Heights at 37-16 83 Street #2A, Jackson Heights, NY, 11372 earns $563/mo cash flow from $2,760/mo rent with a $1,610/mo payment. Total monthly income totals $2,760/mo, and annual cash flow totals $6,759/yr on $109,064 capital. ROI tracks 26.11% on current figures, and rental yield reads 10.07% at a $329,000 purchase. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 over five years. Five-year ROI reaches 136.75% and total cumulative return in cash sums $149,145. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.

Condo

Built in 1936

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to a bright and spacious 1-bedroom co-op located in the heart of historic Jackson Heights. This charming apartment offers a perfect blend of classic pre-war character and modern comfort. Featuring beautifully maintained hardwood floors, high ceilings, and abundant natural light throughout, this second-floor unit is move-in ready. The windowed kitchen provides ample cabinetry and counter space, while the generously sized living and dining area offers flexibility for entertaining or working from home. The updated bathroom is clean and functional, with timeless tilework and modern fixtures. Located in a well-kept elevator building with a live-in super, laundry room, secure entry, and a shared garden courtyard. Just minutes from the 7, E, F, M, and R subway lines, local farmers markets, Travers Park, restaurants, and vibrant international shopping on Roosevelt Avenue.

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