88-09 Northern Blvd UNIT 6East ElmhurstNY11369
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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 East Elmhurst at 88-09 Northern Blvd UNIT 6, East Elmhurst, NY, 11369 generates $2,091/mo in rent, after a $1,174/mo payment. Total monthly income is $2,091/mo. Return on cash invested sits at 15.1% in year one, and rental yield is 10.46% on a $239,888 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,277 over five years. Five-year ROI reaches 82.14% and total cumulative return in cash sums $65,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,091/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$808 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11369, East Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,661 (100%) |
| Owner Occupied HU | 5,344 (42.2%) |
| Renter Occupied HU | 6,442 (50.9%) |
| Vacant Housing Units | 875 ( 6.9%) |
| Median Home Value | $830,833 |
| Average Home Value | $834,560 |
Housing Distribution
Address Breakdown
Residential
7,855
Single Family
5,529
Multi-Family
2,326
Businesses
348
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Listed by: Aislyn Zhu • N & H Realty Group Inc
Mls Name: StreetEasy
Mls ID: #S1730571