70-18 68th St #2RidgewoodNY11385
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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 Ridgewood at 70-18 68th St #2, Ridgewood, NY, 11385 generates $3,599/mo in rent, after a $6,779/mo payment. Total monthly income is $3,599/mo. Return on cash invested sits at 5.26% in year one, and rental yield is 3.12% on a $1,385,000 entry. Equity gained on principal adds $8,937/yr, while 5% annual appreciation builds toward $382,650 over five years. Five-year ROI reaches 24.86% and total cumulative return in cash sums $111,542. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,599/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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