83-18 58th Ave #1Middle VillageNY11379
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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 Middle Village at 83-18 58th Ave #1, Middle Village, NY, 11379 listed at $1,599,000 pairs $4,903/mo rent with a $7,826/mo payment. Total monthly income runs $4,903/mo. Return on cash invested measures 6.99% in year one, and rental yield registers 3.68% at a $1,599,000 basis. Equity gained on principal adds $10,318/yr, and annual property appreciation at 5% supports $441,774 by year five. Five-year ROI tracks 34.15% and total cumulative return in cash totals $176,905. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,903/mo property income relative to a $7,826/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11379, Middle Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,630 (100%) |
| Owner Occupied HU | 7,671 (49.1%) |
| Renter Occupied HU | 6,844 (43.8%) |
| Vacant Housing Units | 1,115 ( 7.1%) |
| Median Home Value | $883,890 |
| Average Home Value | $923,614 |
Housing Distribution
Address Breakdown
Residential
11,256
Single Family
9,197
Multi-Family
2,059
Businesses
632
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Listed by: Lily Tran • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #S1794591