103-15 124th StreetSouth Richmond HillNY11419
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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 South Richmond Hill at 103-15 124th Street, South Richmond Hill, NY, 11419 offers a 8.21% rental yield on a $570,000 purchase with $3,900/mo rent. Total monthly income registers $3,900/mo, and a $2,790/mo payment leaves $94/mo available for distribution. Annual cash flow reaches $1,122/yr on $187,530 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $3,678/yr while 5% annual appreciation supports $157,480 over five years. Portfolio math shows five-year ROI at 107.48% and total cumulative return in cash at $201,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,900/mo property income against a $2,790/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11419, South Richmond Hill, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,122 (100%) |
| Owner Occupied HU | 6,138 (43.5%) |
| Renter Occupied HU | 7,321 (51.8%) |
| Vacant Housing Units | 663 ( 4.7%) |
| Median Home Value | $716,866 |
| Average Home Value | $773,065 |
Housing Distribution
Address Breakdown
Residential
8,718
Single Family
7,819
Multi-Family
899
Businesses
963
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Nearby investment properties with comparable prices
Listed by: Dylan Harris SFR • Prime Place Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #899793
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