85-15 Main Street #12BNew YorkNY11501
INVESTMENT ANALYSIS
Investment Verdict
Solid Income85-15 Main Street #12B, New York, NY, 11501 in New York earns a respectable 9.2% gross yield at $148,888, but after the $669/mo mortgage the net cash flow is $147/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.71) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $41,135 over five years, making equity the dominant return driver. Total projected return: $66,267.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.8% |
| Monthly Cash Flow | $147 | $28,500 |
City averages based on New York market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,141 |
| Total Monthly Debt Service | $935 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11501, Mineola, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,027 (53.7%) |
| Renter Occupied HU | 3,807 (40.7%) |
| Vacant Housing Units | 524 ( 5.6%) |
| Median Home Value | $666,906 |
| Average Home Value | $702,811 |
Housing Distribution
Address Breakdown
Residential
8,206
Single Family
5,045
Multi-Family
3,161
Businesses
1,414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11501, Mineola, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,358 (100%) |
| Owner Occupied HU | 5,027 (53.7%) |
| Renter Occupied HU | 3,807 (40.7%) |
| Vacant Housing Units | 524 ( 5.6%) |
| Median Home Value | $666,906 |
| Average Home Value | $702,811 |
Housing Distribution
Address Breakdown
Residential
8,206
Single Family
5,045
Multi-Family
3,161
Businesses
1,414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices