7713 Ditmars Boulevard #1East ElmhurstNY11370
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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 East Elmhurst at 7713 Ditmars Boulevard #1, East Elmhurst, NY, 11370 earns from $3,480/mo rent with a $2,927/mo payment. Total monthly income totals $3,480/mo. ROI tracks 16.93% on current figures, and rental yield reads 6.98% at a $598,000 purchase. Equity gained on principal adds $3,859/yr, and 5% annual appreciation supports $165,216 over five years. Five-year ROI reaches 87.47% and total cumulative return in cash sums $172,100. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,480/mo property income instead of your personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11370, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,647 (100%) |
| Owner Occupied HU | 4,231 (39.7%) |
| Renter Occupied HU | 5,718 (53.7%) |
| Vacant Housing Units | 698 ( 6.6%) |
| Median Home Value | $876,118 |
| Average Home Value | $926,655 |
Housing Distribution
Address Breakdown
Residential
6,719
Single Family
5,323
Multi-Family
1,396
Businesses
254
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Listed by: Ximena Ibarra GRI • Real Estate Classic LLC
Mls Name: OneKey MLS
Mls ID: #949432