6946 197th St #2Fresh MeadowsNY11365
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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 Fresh Meadows at 6946 197th St #2, Fresh Meadows, NY, 11365 listed at $260,000 pairs $1,850/mo rent with a $1,273/mo payment. Total monthly income runs $1,850/mo. Return on cash invested measures 8.76% in year one, and rental yield registers 8.54% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 48.36% and total cumulative return in cash totals $41,681. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,850/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
N/A lot
$N/A/sqft
$914 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11365, Fresh Meadows, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,014 (100%) |
| Owner Occupied HU | 6,407 (40.0%) |
| Renter Occupied HU | 8,958 (55.9%) |
| Vacant Housing Units | 649 ( 4.1%) |
| Median Home Value | $911,484 |
| Average Home Value | $962,059 |
Housing Distribution
Address Breakdown
Residential
15,102
Single Family
7,926
Multi-Family
7,176
Businesses
560
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Listed by: Elizabeth Chan • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1756858