47-22 215th Pl #1BBaysideNY11361
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bayside at 47-22 215th Pl #1B, Bayside, NY, 11361 generates $3,473/mo in rent, after a $1,757/mo payment. Total monthly income is $3,473/mo. Return on cash invested sits at 16.83% in year one, and rental yield is 11.61% on a $358,888 entry. Equity gained on principal adds $2,316/yr, while 5% annual appreciation builds toward $99,154 over five years. Five-year ROI reaches 92.03% and total cumulative return in cash sums $109,484. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,473/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,381 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices