87-30 62nd Ave APT 5ERego ParkNY11374
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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 Rego Park at 87-30 62nd Ave APT 5E, Rego Park, NY, 11374 generates $3,050/mo in rent, after a $2,100/mo payment. Total monthly income is $3,050/mo. Return on cash invested sits at 18.15% in year one, and rental yield is 8.53% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 95.22% and total cumulative return in cash sums $135,421. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,050/mo property income rather than buyer’s personal income.
Apartment
Built in 1987
435.60 sqft lot
$N/A/sqft
$394 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11374, Rego Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,654 (100%) |
| Owner Occupied HU | 8,261 (38.1%) |
| Renter Occupied HU | 11,774 (54.4%) |
| Vacant Housing Units | 1,619 ( 7.5%) |
| Median Home Value | $654,765 |
| Average Home Value | $704,293 |
Housing Distribution
Address Breakdown
Residential
20,478
Single Family
3,205
Multi-Family
17,273
Businesses
939
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Listed by: Joyce Yu • Tom Crimmins Realty, Ltd.
Mls Name: SIBOR
Mls Provider:
Mls ID: #2502851
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