54-40 Little Neck Pkwy UNIT 6LLittle NeckNY11362
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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
Rental property for sale in Little Neck at 54-40 Little Neck Pkwy UNIT 6L, Little Neck, NY, 11362 priced at $258,000 converts $2,725/mo rent into $42/mo cash flow after a $1,263/mo obligation. Total monthly income equals $2,725/mo, and annual cash flow totals $503/yr on $85,527 invested. Return on cash invested prints 20.5% in year one, and rental yield reads 12.67% against a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation compiles into $71,281 by year five. Five-year ROI reaches 111.5% and total cumulative return in cash sums $95,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,725/mo property income covering a $1,263/mo payment, not borrower’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
$960 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11362, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,427 (100%) |
| Owner Occupied HU | 5,639 (75.9%) |
| Renter Occupied HU | 1,397 (18.8%) |
| Vacant Housing Units | 391 ( 5.3%) |
| Median Home Value | $835,946 |
| Average Home Value | $827,796 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,094
Multi-Family
759
Businesses
410
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Listed by: Stephen Cheng • Epique Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3550571
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