94-31 59th Ave #2EElmhurstNY11373
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 Elmhurst at 94-31 59th Ave #2E, Elmhurst, NY, 11373 generates $3,244/mo in rent and, after a $2,154/mo payment, leaves $305/mo in cash flow. Total monthly income is $3,244/mo, and annual cash flow is $3,664/yr on $145,860 invested. Return on cash invested sits at 22.42% in year one, and rental yield is 8.85% on a $439,999 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 116.98% and total cumulative return in cash sums $170,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,244/mo property income rather than buyer’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11373, Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,494 (100%) |
| Owner Occupied HU | 8,533 (24.0%) |
| Renter Occupied HU | 24,857 (70.0%) |
| Vacant Housing Units | 2,104 ( 5.9%) |
| Median Home Value | $862,050 |
| Average Home Value | $890,952 |
Housing Distribution
Address Breakdown
Residential
25,941
Single Family
6,615
Multi-Family
19,326
Businesses
1,674
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices