73-53 255 Street 1 FloorGlen OaksNY11004
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 Glen Oaks at 73-53 255 Street 1 Floor, Glen Oaks, NY, 11004 generates $3,000/mo in rent, after a $2,102/mo payment. Total monthly income is $3,000/mo. Return on cash invested sits at 13.93% in year one, and rental yield is 8.38% on a $429,500 entry. Equity gained on principal adds $2,772/yr, while 5% annual appreciation builds toward $118,663 over five years. Five-year ROI reaches 74% and total cumulative return in cash sums $105,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
$842 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11004, Glen Oaks, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,803 (100%) |
| Owner Occupied HU | 3,190 (66.4%) |
| Renter Occupied HU | 1,383 (28.8%) |
| Vacant Housing Units | 230 ( 4.8%) |
| Median Home Value | $613,482 |
| Average Home Value | $655,926 |
Housing Distribution
Address Breakdown
Residential
4,805
Single Family
4,675
Multi-Family
130
Businesses
267
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Nearby investment properties with comparable prices
Listed by: Susan Sanchez CBR SRES • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #840917
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