87-70 173rd St #2FQueensNY11432
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
Investment Highlights
Rental property for sale in Queens at 87-70 173rd St #2F, Queens, NY, 11432 generates $1,343/mo in rent and, after a $857/mo payment, leaves $174/mo in cash flow. Total monthly income is $1,343/mo, and annual cash flow is $2,087/yr on $58,013 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.21% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 122.78% and total cumulative return in cash sums $71,227. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,343/mo property income rather than buyer’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11432, Jamaica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,629 (100%) |
| Owner Occupied HU | 7,000 (29.6%) |
| Renter Occupied HU | 14,589 (61.7%) |
| Vacant Housing Units | 2,040 ( 8.6%) |
| Median Home Value | $849,661 |
| Average Home Value | $913,764 |
Housing Distribution
Address Breakdown
Residential
18,979
Single Family
6,800
Multi-Family
12,179
Businesses
1,654
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices