8427 85th Drive

Woodhaven, New York City, NY · 5 days on market · View on Zillow

8427 85th Drive

$1.2M somewhere else buys…

8 bedrooms · 3 baths · 2,778 sqft · 4,691 sqft lot

Built 1915 · 1 Garage space · $428/sqft (city median $730)

Welcome to 84-27 85th Drive, situated on an oversized 46.91 x 100 ft lot in the heart of Woodhaven. The first floor features 3 bedrooms and 1 full bath, while the second floor offers an additional 3 bedrooms and 1 full bath. The fully finished attic features a separate entrance, 2 bedrooms, and 1 full bath, providing additional flexible living space.

What this place offers

  • Heating: Radiant, Other
  • Cooling: Wall/Window Unit(s)
  • 1 Garage space
  • Garage
  • Top school rating 7/10 nearby

The numbers

$10K/yr

Property tax (actual rate)

$4K/yr

Insurance (quoted)

$1,190,000

Down payment20% · $238,000
%
Mortgage (principal + interest)$5,955
Property tax$853
Home insurance$357
All-in monthly$7,165/mo

You'd need about $307,056/yr in household income (28% rule) plus $238,000 in cash.

Would rent for ~$5,950/mo · 6.0% gross yield

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