8621 59th AvenueElmhurstNY11373
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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 Elmhurst at 8621 59th Avenue, Elmhurst, NY, 11373 listed at $1,010,000 pairs $2,994/mo rent with a $4,943/mo payment. Total monthly income runs $2,994/mo. Return on cash invested measures 6.62% in year one, and rental yield registers 3.56% at a $1,010,000 basis. Equity gained on principal adds $6,517/yr, and annual property appreciation at 5% supports $279,044 by year five. Five-year ROI tracks 32.13% and total cumulative return in cash totals $105,131. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,994/mo property income relative to a $4,943/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11373, Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,494 (100%) |
| Owner Occupied HU | 8,533 (24.0%) |
| Renter Occupied HU | 24,857 (70.0%) |
| Vacant Housing Units | 2,104 ( 5.9%) |
| Median Home Value | $862,050 |
| Average Home Value | $890,952 |
Housing Distribution
Address Breakdown
Residential
25,941
Single Family
6,615
Multi-Family
19,326
Businesses
1,674
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