6115 97th St APT 15FRego 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 6115 97th St APT 15F, Rego Park, NY, 11374 listed at $609,000 pairs $6,394/mo rent with a $2,981/mo payment to leave $927/mo cash flow. Total monthly income runs $6,394/mo, and annual cash flow reaches $11,123/yr on $200,361 cash to close. Return on cash invested measures 25.61% in year one, and rental yield registers 12.6% at a $609,000 basis. Equity gained on principal adds $3,930/yr, and annual property appreciation at 5% supports $168,255 by year five. Five-year ROI tracks 137.07% and total cumulative return in cash totals $274,625. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,394/mo property income relative to a $2,981/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1960
N/A lot
$N/A/sqft
$1,400 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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