83-71 116th St CONDO 1Richmond HillNY11418
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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 Richmond Hill at 83-71 116th St CONDO 1, Richmond Hill, NY, 11418 earns $1,212/mo cash flow from $3,418/mo rent with a $1,346/mo payment. Total monthly income totals $3,418/mo, and annual cash flow totals $14,539/yr on $91,163 capital. ROI tracks 35.86% on current figures, and rental yield reads 14.91% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 190.79% and total cumulative return in cash sums $173,927. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,418/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$370 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11418, Richmond Hill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,667 (100%) |
| Owner Occupied HU | 4,364 (34.5%) |
| Renter Occupied HU | 7,498 (59.2%) |
| Vacant Housing Units | 805 ( 6.4%) |
| Median Home Value | $798,961 |
| Average Home Value | $843,414 |
Housing Distribution
Address Breakdown
Residential
8,703
Single Family
5,040
Multi-Family
3,663
Businesses
977
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Listed by: Jason Larusso • BRICK & MORTAR LLC
Mls Name: NY State MLS
Mls ID: #11346004