61-10 183rd St UNIT 2FFresh MeadowsNY11365
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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 Fresh Meadows at 61-10 183rd St UNIT 2F, Fresh Meadows, NY, 11365 generates $1,537/mo in rent, after a $978/mo payment. Total monthly income is $1,537/mo. Return on cash invested sits at 12.31% in year one, and rental yield is 9.23% on a $199,888 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,225 over five years. Five-year ROI reaches 66.86% and total cumulative return in cash sums $44,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,537/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
$622 monthly 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: Jay Lechler • Landmarc Group
Mls Name: StreetEasy
Mls ID: #S1787849