83-15 98 Street #3KWoodhavenNY11421
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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 Woodhaven at 83-15 98 Street #3K, Woodhaven, NY, 11421 uses $67,958 cash to close to unlock $341/yr annual cash flow and $28/mo monthly cash flow. Total monthly income runs $1,397/mo, and a $1,003/mo payment keeps the spread at $28/mo. Purchase price stands at $205,000, and rental yield measures 8.18% with $1,397/mo rent. Return on cash invested shows 20.41% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 106.22% and total cumulative return in cash records $72,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,397/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11421, Woodhaven, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,210 (100%) |
| Owner Occupied HU | 5,817 (44.0%) |
| Renter Occupied HU | 6,673 (50.5%) |
| Vacant Housing Units | 720 ( 5.5%) |
| Median Home Value | $763,964 |
| Average Home Value | $773,555 |
Housing Distribution
Address Breakdown
Residential
9,035
Single Family
6,703
Multi-Family
2,332
Businesses
610
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