71-19 162nd St #4EFresh 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 71-19 162nd St #4E, Fresh Meadows, NY, 11365 uses $193,518 cash to close to unlock $4,308/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $5,057/mo, and a $2,879/mo payment keeps the spread at $359/mo. Purchase price stands at $588,200, and rental yield measures 10.32% with $5,057/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $162,509 over five years. Five-year ROI reaches 117.96% and total cumulative return in cash records $228,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,057/mo property income covering a $2,879/mo payment rather than investor’s personal income.
Apartment
Built in 2007
0.45 Acres lot
$N/A/sqft
$770 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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