37-32 89th St #4DJackson 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
Rental property for sale in Jackson Heights at 37-32 89th St #4D, Jackson Heights, NY, 11372 generates $3,643/mo in rent, after a $2,937/mo payment. Total monthly income is $3,643/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 7.29% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 92.39% and total cumulative return in cash sums $182,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,643/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No 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: Chuan Wang Chen • E Realty International Corp
Mls Name: StreetEasy
Mls ID: #S1798075