61-03 255th St #899Little 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 61-03 255th St #899, Little Neck, NY, 11362 listed at $259,000 pairs $1,791/mo rent with a $1,268/mo payment to leave $61/mo cash flow. Total monthly income runs $1,791/mo, and annual cash flow reaches $733/yr on $85,859 cash to close. Return on cash invested measures 20.76% in year one, and rental yield registers 8.3% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 108.13% and total cumulative return in cash totals $92,836. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,791/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1952
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: Karen Funfgeld • Corcoran
Mls Name: StreetEasy
Mls ID: #S1782712