65-18 Austin St #2CRego 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
Rental property for sale in Rego Park at 65-18 Austin St #2C, Rego Park, NY, 11374 priced at $478,900 converts $4,812/mo rent into $1,437/mo cash flow after a $2,344/mo obligation. Total monthly income equals $4,812/mo, and annual cash flow totals $17,244/yr on $158,755 invested. Return on cash invested prints 30.77% in year one, and rental yield reads 12.06% against a $478,900 entry. Equity gained on principal adds $3,090/yr, while 5% annual appreciation compiles into $132,311 by year five. Five-year ROI reaches 162.2% and total cumulative return in cash sums $257,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,812/mo property income covering a $2,344/mo payment, not borrower’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$177 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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