47-28 216th St APT 1ABaysideNY11361
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow47-28 216th St APT 1A, Bayside, NY, 11361 in Bayside earns its strong cash-flow label: 16.03% yield, $4,608/mo rent, $944/mo net income, DSCR 2.97. The $345,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $95,317 by year five. Combined with $3,177/yr in principal paydown, total projected return reaches $198,249.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 16% | 6.2% |
| Monthly Cash Flow | $944 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,608 |
| Total Monthly Debt Service | $3,527 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices