87-77 111th StRichmond HillNY11418
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
Investment property for sale in Richmond Hill at 87-77 111th St, Richmond Hill, NY, 11418 offers a 9.07% rental yield on a $565,000 purchase with $4,270/mo rent. Total monthly income registers $4,270/mo, and a $2,765/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,969/yr on $185,885 to close, and return on cash invested stands at 23.27% in year one. Equity gained on principal adds $3,646/yr while 5% annual appreciation supports $156,099 over five years. Portfolio math shows five-year ROI at 121.49% and total cumulative return in cash at $225,831. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,270/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11418, Richmond Hill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,667 (100%) |
| Owner Occupied HU | 4,364 (34.5%) |
| Renter Occupied HU | 7,498 (59.2%) |
| Vacant Housing Units | 805 ( 6.4%) |
| Median Home Value | $798,961 |
| Average Home Value | $843,414 |
Housing Distribution
Address Breakdown
Residential
8,703
Single Family
5,040
Multi-Family
3,663
Businesses
977
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ken MacBride - Licensed Associate Real Estate Broker • Berkshire Hathaway HomeServices Fillmore Real Estate
Mls Name: StreetEasy
Mls ID: #1738720