61-25 97th StRego ParkNY11374
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
Investment Highlights
Rental property for sale in Rego Park at 61-25 97th St, Rego Park, NY, 11374 generates $2,891/mo in rent and, after a $1,101/mo payment, leaves $819/mo in cash flow. Total monthly income is $2,891/mo, and annual cash flow is $9,826/yr on $74,571 invested. Return on cash invested sits at 33.09% in year one, and rental yield is 15.42% on a $224,950 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,150 over five years. Five-year ROI reaches 177.45% and total cumulative return in cash sums $132,329. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,891/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$570 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices