47-22 215 Place #2CBaysideNY11361
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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 Bayside at 47-22 215 Place #2C, Bayside, NY, 11361 uses $85,527 cash to close to unlock $863/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,795/mo, and a $1,263/mo payment keeps the spread at $72/mo. Purchase price stands at $258,000, and rental yield measures 8.35% with $1,795/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 108.89% and total cumulative return in cash records $93,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,795/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11361, Bayside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,545 (100%) |
| Owner Occupied HU | 5,868 (50.8%) |
| Renter Occupied HU | 5,084 (44.0%) |
| Vacant Housing Units | 593 ( 5.1%) |
| Median Home Value | $935,890 |
| Average Home Value | $990,301 |
Housing Distribution
Address Breakdown
Residential
9,696
Single Family
7,226
Multi-Family
2,470
Businesses
1,094
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