87-04 Marengo Street UNIT 1HollisNY11423
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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
Rental property for sale in Hollis at 87-04 Marengo Street UNIT 1, Hollis, NY, 11423 priced at $214,999 pairs $2,279/mo rent with after a $1,052/mo payment. Total monthly income equals $2,279/mo. Return on cash invested is 17.01% in year one, and rental yield stands at 12.72% on a $214,999 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,400 by year five. Five-year ROI measures 94.14% and total cumulative return in cash reaches $67,093. For financing, Ziffy Mortgage’s DSCR program evaluates $2,279/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
$1,016 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11423, Hollis, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,462 (100%) |
| Owner Occupied HU | 5,444 (52.0%) |
| Renter Occupied HU | 4,569 (43.7%) |
| Vacant Housing Units | 449 ( 4.3%) |
| Median Home Value | $712,709 |
| Average Home Value | $771,654 |
Housing Distribution
Address Breakdown
Residential
7,900
Single Family
5,545
Multi-Family
2,355
Businesses
519
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Listed by: Leah L Ferster • North East Queens Realty Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3566565
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