97-37 63rd Rd #14LRego ParkNY11374
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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
Investment property for sale in Rego Park at 97-37 63rd Rd #14L, Rego Park, NY, 11374 offers a 10.79% rental yield on a $343,800 purchase with $3,092/mo rent. Total monthly income registers $3,092/mo, and a $1,683/mo payment leaves $46/mo available for distribution. Annual cash flow reaches $551/yr on $113,970 to close, and return on cash invested stands at 20.39% in year one. Equity gained on principal adds $2,218/yr while 5% annual appreciation supports $94,986 over five years. Portfolio math shows five-year ROI at 108.92% and total cumulative return in cash at $124,139. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,092/mo property income against a $1,683/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$750 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11374, Rego Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,654 (100%) |
| Owner Occupied HU | 8,261 (38.1%) |
| Renter Occupied HU | 11,774 (54.4%) |
| Vacant Housing Units | 1,619 ( 7.5%) |
| Median Home Value | $654,765 |
| Average Home Value | $704,293 |
Housing Distribution
Address Breakdown
Residential
20,478
Single Family
3,205
Multi-Family
17,273
Businesses
939
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