83-40 Austin Street #7KKew 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 #7K, Kew Gardens, NY, 11415 uses $85,527 cash to close to unlock $95/yr annual cash flow and $8/mo monthly cash flow. Total monthly income runs $1,731/mo, and a $1,263/mo payment keeps the spread at $8/mo. Purchase price stands at $258,000, and rental yield measures 8.05% with $1,731/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash records $89,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,731/mo property income covering a $1,263/mo payment rather than investor’s personal income.
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: Jeanne A. Longueira • Keller Williams Realty Greater
Mls Name: OneKey MLS
Mls ID: #945626