59-11 Queens Blvd #2LQueensNY11377
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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 Queens at 59-11 Queens Blvd #2L, Queens, NY, 11377 offers a 9.71% rental yield on a $399,000 purchase with $3,229/mo rent. Total monthly income registers $3,229/mo, and a $1,953/mo payment leaves $564/mo available for distribution. Annual cash flow reaches $6,773/yr on $132,269 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 130.95% and total cumulative return in cash at $173,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,229/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1931
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
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