7-04 166th St #9AWhitestoneNY11357
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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 Whitestone at 7-04 166th St #9A, Whitestone, NY, 11357 uses $116,025 cash to close to unlock $5,170/yr annual cash flow and $431/mo monthly cash flow. Total monthly income runs $2,768/mo, and a $1,713/mo payment keeps the spread at $431/mo. Purchase price stands at $350,000, and rental yield measures 9.49% with $2,768/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 127.37% and total cumulative return in cash records $147,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,768/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 10,869 (67.1%) |
| Renter Occupied HU | 4,406 (27.2%) |
| Vacant Housing Units | 912 ( 5.6%) |
| Median Home Value | $933,533 |
| Average Home Value | $975,786 |
Housing Distribution
Address Breakdown
Residential
13,607
Single Family
11,455
Multi-Family
2,152
Businesses
845
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Listed by: David Legaz • Keller Williams Realty Landmark
Mls Name: StreetEasy
Mls ID: #S1801433