73-60 198th StreetFresh MeadowsNY11366
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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 73-60 198th Street, Fresh Meadows, NY, 11366 generates $6,600/mo in rent, after a $6,353/mo payment. Total monthly income is $6,600/mo. Return on cash invested sits at 14.47% in year one, and rental yield is 6.1% on a $1,298,000 entry. Equity gained on principal adds $8,376/yr, while 5% annual appreciation builds toward $358,613 over five years. Five-year ROI reaches 74.24% and total cumulative return in cash sums $312,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,600/mo property income rather than buyer’s personal income.
Multi Family
Built in 1955
2,857 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11366, Fresh Meadows, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,761 (100%) |
| Owner Occupied HU | 2,936 (61.7%) |
| Renter Occupied HU | 1,548 (32.5%) |
| Vacant Housing Units | 277 ( 5.8%) |
| Median Home Value | $942,430 |
| Average Home Value | $1,007,801 |
Housing Distribution
Address Breakdown
Residential
4,367
Single Family
3,858
Multi-Family
509
Businesses
489
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Listed by: Xiao Zheng • Jamie Realty Group
Mls Name: OneKey MLS
Mls ID: #934737