54-44 Little Neck Pkwy #2-DLittle NeckNY11362
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 Little Neck at 54-44 Little Neck Pkwy #2-D, Little Neck, NY, 11362 generates $1,854/mo in rent, after a $1,101/mo payment. Total monthly income is $1,854/mo. Return on cash invested sits at 11.01% in year one, and rental yield is 9.89% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 61.05% and total cumulative return in cash sums $45,537. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,854/mo property income rather than buyer’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$905 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Wojciech Lewsza • WRL Realty, LLC
Mls Name: StreetEasy
Mls ID: #S1746121