7617 Myrtle AveGlendaleNY11385
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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
Investment property for sale in Glendale at 7617 Myrtle Ave, Glendale, NY, 11385 offers a 3.58% rental yield on a $1,700,000 purchase with $5,072/mo rent. 69% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,679 over five years. Portfolio math shows five-year ROI at 32.5% and total cumulative return in cash at $178,987. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,072/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
1,973 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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Listed by: Blima Gold • GW Realty Inc.
Mls Name: BNYMLS
Mls Provider:
Mls ID: #495884
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.