83-37 Saint James Ave #1KElmhurstNY11373
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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 Elmhurst at 83-37 Saint James Ave #1K, Elmhurst, NY, 11373 priced at $315,000 converts $2,453/mo rent into after a $1,542/mo obligation. Total monthly income equals $2,453/mo. Return on cash invested prints 13.41% in year one, and rental yield reads 9.34% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 72.47% and total cumulative return in cash sums $75,677. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,453/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
$915 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11373, Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,494 (100%) |
| Owner Occupied HU | 8,533 (24.0%) |
| Renter Occupied HU | 24,857 (70.0%) |
| Vacant Housing Units | 2,104 ( 5.9%) |
| Median Home Value | $862,050 |
| Average Home Value | $890,952 |
Housing Distribution
Address Breakdown
Residential
25,941
Single Family
6,615
Multi-Family
19,326
Businesses
1,674
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