40-22 61st St #1C, Woodside, NY, 11377 | 6.88% Rental Yield

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40-22 61st St #1C, Woodside, NY, 11377 | 6.88% Rental Yield | 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 Woodside at 40-22 61st St #1C, Woodside, NY, 11377 listed at $649,000 pairs $3,720/mo rent with a $3,177/mo payment. Total monthly income runs $3,720/mo. Return on cash invested measures 14.29% in year one, and rental yield registers 6.88% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 74.17% and total cumulative return in cash totals $158,376. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,720/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2023

N/A lot

$N/A/sqft

$412 monthly HOA

More details about the property

OPEN HOUSE Monday : 11:00 - 4:00pm Tuesday to Friday 10:30 - 3:00 by appointment only Saturday : 11:00- 3:30pm Sunday : 1:00- 4:00pm by appointment only Introducing an exquisite 1 Bedroom, 1 Bathroom contemporary haven with a private terrace within the new Arcadia Woodside Condominium. Immerse yourself in the lap of luxury with Porcelanosa tiles, Quartz countertops, top-of-the-line Bosch appliances, and a suite of smart devices. This immaculate residence is equipped with an in-unit washer and dryer, promising the utmost convenience. Embrace the opulent lifestyle offered by Arcadia Woodside with amenities that include an exceptional doorman and concierge services, a sophisticated resident lounge, and a sun-soaked sundeck. Enjoy panoramic views from the rooftop terrace, complete with BBQ grills for those perfect relaxing evenings. Stay fit and active in the state-of-the-art indoor gym or practice your putting skills on the outdoor green. Arcadia Woodside Condominium boasts a prime location just a block away from the LIRR, 7 Train subway line, and a network of buses (Q18, Q32, Q53, Q70 LaGuardia Link), ensuring effortless access to all that NYC and Long Island have to offer. Experience a life of comfort and convenience in this magnificent modern oasis. Listing photos are of our model units.

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