114-42 196th St #1Saint AlbansNY11412
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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 Saint Albans at 114-42 196th St #1, Saint Albans, NY, 11412 offers a 9.61% rental yield on a $749,000 purchase with $6,000/mo rent. Total monthly income registers $6,000/mo, and a $3,666/mo payment leaves $998/mo available for distribution. Annual cash flow reaches $11,979/yr on $246,421 to close, and return on cash invested stands at 24.92% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 130.34% and total cumulative return in cash at $321,184. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,000/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11412, Saint Albans, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,475 (100%) |
| Owner Occupied HU | 7,923 (63.5%) |
| Renter Occupied HU | 3,954 (31.7%) |
| Vacant Housing Units | 598 ( 4.8%) |
| Median Home Value | $636,295 |
| Average Home Value | $675,147 |
Housing Distribution
Address Breakdown
Residential
9,328
Single Family
9,008
Multi-Family
320
Businesses
713
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Listed by: Ronald Yakubov • 5 Boro Realty Corp
Mls Name: StreetEasy
Mls ID: #S1803228