37-28 85th St #31Jackson HeightsNY11372
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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
Investment property for sale in Jackson Heights at 37-28 85th St #31, Jackson Heights, NY, 11372 uses $143,208 cash to close to unlock $2,887/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $3,743/mo, and a $2,114/mo payment keeps the spread at $241/mo. Purchase price stands at $432,000, and rental yield measures 10.4% with $3,743/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $119,354 over five years. Five-year ROI reaches 116.18% and total cumulative return in cash records $166,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,743/mo property income covering a $2,114/mo payment rather than investor’s personal income.
Condo
Built in 1921
N/A lot
$N/A/sqft
$618 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
23,743
Single Family
2,757
Multi-Family
20,986
Businesses
2,095
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Listed by: Hamlet Perez - Licensed Real Estate Salesperson • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #1672486