47-28 216th St APT 1ABaysideNY11361
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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 47-28 216th St APT 1A, Bayside, NY, 11361 listed at $345,000 pairs $4,608/mo rent with a $1,689/mo payment to leave $944/mo cash flow. Total monthly income runs $4,608/mo, and annual cash flow reaches $11,325/yr on $114,368 cash to close. Return on cash invested measures 29.81% in year one, and rental yield registers 16.03% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 161.76% and total cumulative return in cash totals $184,996. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,608/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,360 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
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