45-16 83rd St #E2DElmhurstNY11373
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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 Elmhurst at 45-16 83rd St #E2D, Elmhurst, NY, 11373 offers a 7.21% rental yield on a $565,000 purchase with $3,394/mo rent. 62% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 91.17% and total cumulative return in cash at $169,479. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,394/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11373, Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,494 (100%) |
| Owner Occupied HU | 8,533 (24.0%) |
| Renter Occupied HU | 24,857 (70.0%) |
| Vacant Housing Units | 2,104 ( 5.9%) |
| Median Home Value | $862,050 |
| Average Home Value | $890,952 |
Housing Distribution
Address Breakdown
Residential
25,941
Single Family
6,615
Multi-Family
19,326
Businesses
1,674
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