7129 Sutton Place #3Fresh 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
Rental property for sale in Fresh Meadows at 7129 Sutton Place #3, Fresh Meadows, NY, 11365 generates $3,857/mo in rent, after a $3,524/mo payment. Total monthly income is $3,857/mo. Return on cash invested sits at 15.24% in year one, and rental yield is 6.43% on a $720,000 entry. Equity gained on principal adds $4,646/yr, while 5% annual appreciation builds toward $198,923 over five years. Five-year ROI reaches 78.42% and total cumulative return in cash sums $185,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,857/mo property income rather than buyer’s personal income.
Condo
Built in 1988
2.37 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
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Listed by: Vincent J. Sparacello • Keller Williams Points North
Mls Name: OneKey MLS
Mls ID: #926338