83-20 98 Street UNIT 4JWoodhavenNY11421
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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 83-20 98 Street UNIT 4J, Woodhaven, NY, 11421 uses $69,615 cash to close to unlock $3,426/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,028/mo payment keeps the spread at $286/mo. Purchase price stands at $210,000, and rental yield measures 13.16% with $2,303/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 133.75% and total cumulative return in cash records $93,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
$615 monthly 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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Listed by: Malgorzata Guerrero • Charles Rutenberg Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3588691
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