88-08 151st Ave #1EQueensNY11414
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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 Queens at 88-08 151st Ave #1E, Queens, NY, 11414 generates $1,926/mo in rent, after a $1,317/mo payment. Total monthly income is $1,926/mo. Return on cash invested sits at 11.92% in year one, and rental yield is 8.59% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 64.19% and total cumulative return in cash sums $57,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,926/mo property income rather than buyer’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$723 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11414, Howard Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,349 (100%) |
| Owner Occupied HU | 7,623 (67.2%) |
| Renter Occupied HU | 3,107 (27.4%) |
| Vacant Housing Units | 619 ( 5.5%) |
| Median Home Value | $724,113 |
| Average Home Value | $718,758 |
Housing Distribution
Address Breakdown
Residential
9,976
Single Family
6,401
Multi-Family
3,575
Businesses
466
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