61-33 255th St #ALittle 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 61-33 255th St #A, Little Neck, NY, 11362 offers a 23.01% rental yield on a $209,888 purchase with $4,024/mo rent. Total monthly income registers $4,024/mo, and a $1,027/mo payment leaves $1,854/mo available for distribution. Annual cash flow reaches $22,244/yr on $69,578 to close, and return on cash invested stands at 51.88% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,988 over five years. Portfolio math shows five-year ROI at 279.75% and total cumulative return in cash at $194,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,024/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1952
N/A lot
$N/A/sqft
$769 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
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Listed by: Ricardo Martins - Licensed Real Estate Broker • Ricardo Martins, LREB
Mls Name: StreetEasy
Mls ID: #1714492