44-02 Newtown Rd #3CAstoriaNY11103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Astoria at 44-02 Newtown Rd #3C, Astoria, NY, 11103 uses $99,119 cash to close to unlock $27,621/yr annual cash flow and $2,302/mo monthly cash flow. Total monthly income runs $4,661/mo, and a $1,463/mo payment keeps the spread at $2,302/mo. Purchase price stands at $299,000, and rental yield measures 18.71% with $4,661/mo rent. Return on cash invested shows 47.78% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 254.52% and total cumulative return in cash records $252,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,661/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
$363 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11103, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,550 (100%) |
| Owner Occupied HU | 2,418 (13.0%) |
| Renter Occupied HU | 15,022 (81.0%) |
| Vacant Housing Units | 1,110 ( 6.0%) |
| Median Home Value | $1,059,461 |
| Average Home Value | $1,156,904 |
Housing Distribution
Address Breakdown
Residential
15,158
Single Family
3,818
Multi-Family
11,340
Businesses
1,500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices