11366 Springfield BlvdJamaicaNY11429
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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 11366 Springfield Blvd, Jamaica, NY, 11429 listed at $599,000 pairs $3,274/mo rent with a $2,932/mo payment. Total monthly income runs $3,274/mo. Return on cash invested measures 15.64% in year one, and rental yield registers 6.56% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 80.55% and total cumulative return in cash totals $158,746. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,274/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1965
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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