65-18 Austin St #2A, Rego Park, NY, 11374 | $1,496/mo Cash Flow

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65-18 Austin St #2A, Rego Park, NY, 11374 | $1,496/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rego Park at 65-18 Austin St #2A, Rego Park, NY, 11374 offers $6,724/mo rent that, after a $3,630/mo payment, leaves $1,496/mo cash flow. Total monthly income is $6,724/mo, and annual cash flow is $17,947/yr on $243,970 cash. Return on cash invested measures 27.42% in year one, and rental yield stands at 10.88% at a $741,550 entry. Equity gained on principal adds $4,785/yr while 5% annual appreciation compounds into $204,877 by year five. Five-year ROI records 144.21% and total cumulative return in cash reaches $351,821. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,724/mo property income versus a $3,630/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2022

N/A lot

$N/A/sqft

$276 monthly HOA

More details about the property

Rego Park Brand New Condo, Busy Area, Spacious open living areas, Modern open space style, Full floor-to-ceiling windows, Video intercom doorbell system, Smart door lock, Residents-only gym, Laundry on each floor, Close to train, Bus station, Ikea, Costco, Shopping Mall, etc. Buyer to pay NYS, NYC transfer tax and Sponsor attorney fee.

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