57-38 163rd StreetFlushingNY11365
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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 Flushing at 57-38 163rd Street, Flushing, NY, 11365 generates $6,522/mo in rent and, after a $4,738/mo payment, leaves $58/mo in cash flow. Total monthly income is $6,522/mo, and annual cash flow is $693/yr on $318,472 invested. Return on cash invested sits at 20.28% in year one, and rental yield is 8.09% on a $968,000 entry. Equity gained on principal adds $6,246/yr, while 5% annual appreciation builds toward $267,441 over five years. Five-year ROI reaches 105.43% and total cumulative return in cash sums $335,761. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,522/mo property income rather than buyer’s personal income.
Townhouse
Built in 1950
1,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11365, Fresh Meadows, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,014 (100%) |
| Owner Occupied HU | 6,407 (40.0%) |
| Renter Occupied HU | 8,958 (55.9%) |
| Vacant Housing Units | 649 ( 4.1%) |
| Median Home Value | $911,484 |
| Average Home Value | $962,059 |
Housing Distribution
Address Breakdown
Residential
15,102
Single Family
7,926
Multi-Family
7,176
Businesses
560
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Listed by: Sophia X Yao • Chase Global Realty Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3560229
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.