5317 62nd St #1MaspethNY11378
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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
Total monthly income runs $3,706/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 4.04% with $3,706/mo rent. Return on cash invested shows 8.12% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 40.16% and total cumulative return in cash records $143,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,706/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11378, Maspeth, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,641 (100%) |
| Owner Occupied HU | 6,295 (43.0%) |
| Renter Occupied HU | 7,386 (50.4%) |
| Vacant Housing Units | 960 ( 6.6%) |
| Median Home Value | $868,742 |
| Average Home Value | $899,708 |
Housing Distribution
Address Breakdown
Residential
9,263
Single Family
7,618
Multi-Family
1,645
Businesses
1,312
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