39-65 51st St APT 1GQueensNY11377
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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 Queens at 39-65 51st St APT 1G, Queens, NY, 11377 uses $115,031 cash to close to unlock $12,134/yr annual cash flow and $1,011/mo monthly cash flow. Total monthly income runs $4,103/mo, and a $1,698/mo payment keeps the spread at $1,011/mo. Purchase price stands at $347,000, and rental yield measures 14.19% with $4,103/mo rent. Return on cash invested shows 30.46% in year one, and 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 163.01% and total cumulative return in cash records $187,508. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,103/mo property income covering a $1,698/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$775 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
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