69-23 62nd DrMiddle VillageNY11379
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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 Middle Village at 69-23 62nd Dr, Middle Village, NY, 11379 offers a 4.09% rental yield on a $1,928,000 purchase with $6,576/mo rent. 27% in year one. Equity gained on principal adds $12,441/yr while 5% annual appreciation supports $532,671 over five years. Portfolio math shows five-year ROI at 40.98% and total cumulative return in cash at $255,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,576/mo property income against a $9,437/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2006
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11379, Middle Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,630 (100%) |
| Owner Occupied HU | 7,671 (49.1%) |
| Renter Occupied HU | 6,844 (43.8%) |
| Vacant Housing Units | 1,115 ( 7.1%) |
| Median Home Value | $883,890 |
| Average Home Value | $923,614 |
Housing Distribution
Address Breakdown
Residential
11,256
Single Family
9,197
Multi-Family
2,059
Businesses
632
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Listed by: N/A • N/A
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