98-51 64th Ave APT 1BRego ParkNY11374
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 Rego Park at 98-51 64th Ave APT 1B, Rego Park, NY, 11374 uses $223,720 cash to close to unlock $4,708/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $4,933/mo, and a $3,328/mo payment keeps the spread at $392/mo. Purchase price stands at $680,000, and rental yield measures 8.71% with $4,933/mo rent. Return on cash invested shows 22.16% in year one, and 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $258,528. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,933/mo property income covering a $3,328/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices