45 Kew Gardens Rd APT 4AKew GardensNY11415
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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
Rental property for sale in Kew Gardens at 45 Kew Gardens Rd APT 4A, Kew Gardens, NY, 11415 priced at $339,000 converts $2,850/mo rent into $586/mo cash flow after a $1,659/mo obligation. Total monthly income equals $2,850/mo, and annual cash flow totals $7,037/yr on $112,379 invested. Return on cash invested prints 26.17% in year one, and rental yield reads 10.09% against a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation compiles into $93,659 by year five. Five-year ROI reaches 137.08% and total cumulative return in cash sums $154,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,850/mo property income covering a $1,659/mo payment, not borrower’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11415, Kew Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 3,310 (35.8%) |
| Renter Occupied HU | 5,339 (57.8%) |
| Vacant Housing Units | 587 ( 6.4%) |
| Median Home Value | $544,118 |
| Average Home Value | $745,670 |
Housing Distribution
Address Breakdown
Residential
8,758
Single Family
1,315
Multi-Family
7,443
Businesses
432
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Listed by: Mason Yu • Remax City Square
Mls Name: StreetEasy
Mls ID: #S1800768