70-33 65th PlaceRidgewoodNY11385
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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 Ridgewood at 70-33 65th Place, Ridgewood, NY, 11385 offers a 3.92% rental yield on a $1,399,000 purchase with $4,574/mo rent. 75% in year one. Equity gained on principal adds $9,028/yr while 5% annual appreciation supports $386,518 over five years. Portfolio math shows five-year ROI at 38.19% and total cumulative return in cash at $173,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,574/mo property income against a $6,847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1931
2,808 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-12 | Listed for sale | $1,399,000 |
| 2024-07-01 | Listing removed | N/A |
| 2023-08-18 | Listed for sale | $1,450,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1931
- Architectural Style: Apartment
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: Oil, Hot Water
- Cooling: None
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: On Street
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: John Adams High School
- High School: John Adams High School
Listed by: Hanna Kawecki • Campione Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3584837
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.