11243 Colfax StJamaicaNY11429
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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 Jamaica at 11243 Colfax St, Jamaica, NY, 11429 listed at $779,987 pairs $6,089/mo rent with a $3,818/mo payment to leave $880/mo cash flow. Total monthly income runs $6,089/mo, and annual cash flow reaches $10,560/yr on $256,616 cash to close. Return on cash invested measures 24.18% in year one, and rental yield registers 9.37% at a $779,987 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,496 by year five. Five-year ROI tracks 126.35% and total cumulative return in cash totals $324,228. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,089/mo property income relative to a $3,818/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11429, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,932 (100%) |
| Owner Occupied HU | 4,924 (62.1%) |
| Renter Occupied HU | 2,590 (32.7%) |
| Vacant Housing Units | 418 ( 5.3%) |
| Median Home Value | $643,158 |
| Average Home Value | $669,812 |
Housing Distribution
Address Breakdown
Residential
6,080
Single Family
5,845
Multi-Family
235
Businesses
314
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