7622 60th LnGlendaleNY11385
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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
Total monthly income runs $4,682/mo, and a $5,646/mo payment. Purchase price stands at $1,153,600, and rental yield measures 4.87% with $4,682/mo rent. Return on cash invested shows 10.67% in year one, and 5% annual appreciation builds toward $318,718 over five years. Five-year ROI reaches 53.85% and total cumulative return in cash records $201,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,682/mo property income covering a $5,646/mo payment rather than investor’s personal income.
Multi Family
Built in 1925
2,779 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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