79-01 35th Ave #2BJackson HeightsNY11372
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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 Jackson Heights at 79-01 35th Ave #2B, Jackson Heights, NY, 11372 generates $3,001/mo in rent and, after a $1,713/mo payment, leaves $664/mo in cash flow. Total monthly income is $3,001/mo, and annual cash flow is $7,966/yr on $116,025 invested. Return on cash invested sits at 26.77% in year one, and rental yield is 10.29% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 140.3% and total cumulative return in cash sums $162,782. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,001/mo property income rather than buyer’s personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11372, Jackson Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,163 (100%) |
| Owner Occupied HU | 8,913 (34.1%) |
| Renter Occupied HU | 15,967 (61.0%) |
| Vacant Housing Units | 1,283 ( 4.9%) |
| Median Home Value | $581,835 |
| Average Home Value | $683,675 |
Housing Distribution
Address Breakdown
Residential
23,743
Single Family
2,757
Multi-Family
20,986
Businesses
2,095
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Listed by: Ross Keit • Keller Williams Realty Landmark
Mls Name: StreetEasy
Mls ID: #S1790123