78-24 64th LaneFlushingNY11385
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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 Flushing at 78-24 64th Lane, Flushing, NY, 11385 listed at $749,000 pairs $1,680/mo rent with a $3,666/mo payment. Total monthly income runs $1,680/mo. Return on cash invested measures 3.88% in year one, and rental yield registers 2.69% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 17.54% and total cumulative return in cash totals $43,216. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-23 | N/A | N/A | $44,400 | 3.64% |
| 2023-09-23 | N/A | N/A | $42,840 | -3.90% |
| 2022-09-23 | N/A | N/A | $44,580 | 11.39% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1925
- Architectural Style: Colonial
- Building Area: 1,440
- Living Area: 1,440 sqft
- Property Condition: Fixer
Features & Amenities
- Heating: Has Heating (Unspecified Type)
- Cooling: Wall/Window Unit(s)
- Flooring: N/A
- Interior Features: Eat-in Kitchen, Original Details
- Exterior Features: N/A
- Parking Features: Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Ps 91 Richard Arkwright
- Middle School: Joseph F Quinn Intermediate School 77
- High School: Grover Cleveland High School
What's Special
Full
Listed by: Donna M. Demkowicz • Donna Demkowicz R E Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #915457
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.