62-12 80th RoadGlendaleNY11385
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 Glendale at 62-12 80th Road, Glendale, NY, 11385 generates $6,388/mo in rent and, after a $4,106/mo payment, leaves $786/mo in cash flow. Total monthly income is $6,388/mo, and annual cash flow is $9,429/yr on $276,031 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 9.14% on a $839,000 entry. Equity gained on principal adds $5,414/yr, while 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 122.58% and total cumulative return in cash sums $338,352. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,388/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
2,494 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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Listed by: John O Kane • O Kane Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3566896
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.