61-15 97th St #11ARego ParkNY11374
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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 Rego Park at 61-15 97th St #11A, Rego Park, NY, 11374 uses $132,269 cash to close to unlock $25,313/yr annual cash flow and $2,109/mo monthly cash flow. Total monthly income runs $5,981/mo, and a $1,953/mo payment keeps the spread at $2,109/mo. Purchase price stands at $399,000, and rental yield measures 17.99% with $5,981/mo rent. Return on cash invested shows 39.05% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 210.08% and total cumulative return in cash records $277,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,981/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$1,207 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11374, Rego Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,654 (100%) |
| Owner Occupied HU | 8,261 (38.1%) |
| Renter Occupied HU | 11,774 (54.4%) |
| Vacant Housing Units | 1,619 ( 7.5%) |
| Median Home Value | $654,765 |
| Average Home Value | $704,293 |
Housing Distribution
Address Breakdown
Residential
20,478
Single Family
3,205
Multi-Family
17,273
Businesses
939
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