45-16 83rd St #E3A, Elmhurst, NY, 11373 | $199/mo Cash Flow

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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 Elmhurst at 45-16 83rd St #E3A, Elmhurst, NY, 11373 listed at $719,000 pairs $5,549/mo rent with a $3,519/mo payment to leave $199/mo cash flow. Total monthly income runs $5,549/mo, and annual cash flow reaches $2,385/yr on $236,551 cash to close. Return on cash invested measures 21.07% in year one, and rental yield registers 9.26% at a $719,000 basis. Equity gained on principal adds $4,640/yr, and annual property appreciation at 5% supports $198,646 by year five. Five-year ROI tracks 110.68% and total cumulative return in cash totals $261,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,549/mo property income relative to a $3,519/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2016

N/A lot

$N/A/sqft

$549 monthly HOA

More details about the property

This well-maintained building is located in the heart of Elmhurst, walking distance to stores, subways, schools and library, 2 large bedrooms and 2 bathrooms,?large living room,balcony,hardwood floors, great condition, low maintenance fees and 12-year tax abatement left

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