83-60 118th St #6JKew 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 83-60 118th St #6J, Kew Gardens, NY, 11415 uses $62,985 cash to close to unlock $2,630/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,488/mo, and a $930/mo payment keeps the spread at $219/mo. Purchase price stands at $190,000, and rental yield measures 9.4% with $1,488/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 125.95% and total cumulative return in cash records $79,332. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,488/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1960
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: Bradly Barnett • Keller Williams Points North
Mls Name: StreetEasy
Mls ID: #S1788591