46-06 88th St #5BElmhurstNY11373
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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 Elmhurst at 46-06 88th St #5B, Elmhurst, NY, 11373 generates $3,731/mo in rent, after a $2,927/mo payment. Total monthly income is $3,731/mo. Return on cash invested sits at 18.46% in year one, and rental yield is 7.49% on a $598,000 entry. Equity gained on principal adds $3,859/yr, while 5% annual appreciation builds toward $165,216 over five years. Five-year ROI reaches 95.69% and total cumulative return in cash sums $188,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,731/mo property income rather than buyer’s personal income.
Condo
Built in 2005
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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