5444 Little Neck Parkway #6CLittle 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
Investment property for sale in Little Neck at 5444 Little Neck Parkway #6C, Little Neck, NY, 11362 offers a 9.52% rental yield on a $319,888 purchase with $2,539/mo rent. Total monthly income registers $2,539/mo, and a $1,566/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,830/yr on $106,043 to close, and return on cash invested stands at 24.46% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,379 over five years. Portfolio math shows five-year ROI at 127.93% and total cumulative return in cash at $135,664. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,539/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
N/A lot
$N/A/sqft
No 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: Michael C. Kenny • EXP Realty
Mls Name: OneKey MLS
Mls ID: #887017