83-40 Austin Street #4LKew GardensNY11415
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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 Kew Gardens at 83-40 Austin Street #4L, Kew Gardens, NY, 11415 listed at $235,000 pairs $1,659/mo rent with a $1,150/mo payment to leave $90/mo cash flow. Total monthly income runs $1,659/mo, and annual cash flow reaches $1,079/yr on $77,903 cash to close. Return on cash invested measures 21.29% in year one, and rental yield registers 8.47% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 110.9% and total cumulative return in cash totals $86,392. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,659/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11415, Kew Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 3,310 (35.8%) |
| Renter Occupied HU | 5,339 (57.8%) |
| Vacant Housing Units | 587 ( 6.4%) |
| Median Home Value | $544,118 |
| Average Home Value | $745,670 |
Housing Distribution
Address Breakdown
Residential
8,758
Single Family
1,315
Multi-Family
7,443
Businesses
432
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Listed by: Antonetta M. Solina • Keller Williams Legendary
Mls Name: OneKey MLS
Mls ID: #920266