717 College PlaceCollege PtNY11356
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
Investment Highlights
Rental property for sale in College Pt at 717 College Place, College Pt, NY, 11356 priced at $1,985,000 converts $3,466/mo rent into after a $9,716/mo obligation. Total monthly income equals $3,466/mo. Return on cash invested prints 2.1% in year one, and rental yield reads 2.1% against a $1,985,000 entry. Equity gained on principal adds $12,809/yr, while 5% annual appreciation compiles into $548,419 by year five. Five-year ROI reaches 7.92% and total cumulative return in cash sums $50,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,466/mo property income covering a $9,716/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
3,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11356, College Point, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,479 (100%) |
| Owner Occupied HU | 4,017 (42.4%) |
| Renter Occupied HU | 4,870 (51.4%) |
| Vacant Housing Units | 592 ( 6.2%) |
| Median Home Value | $874,864 |
| Average Home Value | $916,980 |
Housing Distribution
Address Breakdown
Residential
6,378
Single Family
5,555
Multi-Family
823
Businesses
766
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Nearby investment properties with comparable prices
Listed by: Victoria Chang • Winzone Realty Inc
Mls Name: OneKey MLS
Mls ID: #895992