71-19 162nd Street #1IFresh MeadowsNY11365
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 71-19 162nd Street #1I, Fresh Meadows, NY, 11365 in Fresh Meadows. Rental yield 5.55%. At $688,000 with 5.55% gross yield, current distributions are modest, but the 5% appreciation rate projects $190,082 in new equity by year five, complemented by $6,337/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.03) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $171,345.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(1,982) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,180 |
| Total Monthly Debt Service | $4,321 |
| DSCR Ratio | 0.74x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2007
0.45 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2007
0.45 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: OneKey MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #1040854