6019 Marathon Pkwy #240Little NeckNY11362
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow6019 Marathon Pkwy #240, Little Neck, NY, 11362 in Little Neck carries a 2.12 coverage ratio, rent of $2,539/mo is 2.12 times the $1,195/mo payment. Rental yield 11.47%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $265,700 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $73,408; total projected cumulative return: $95,901.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.2% |
| Monthly Cash Flow | $(146) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,539 |
| Total Monthly Debt Service | $2,580 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1952
N/A lot
$N/A/sqft
$911 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
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
Condo
Built in 1952
N/A lot
$N/A/sqft
$911 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: John A • Graceful Realty LLC
Mls Name: StreetEasy
Mls ID: #S1786666