11547 223rd StreetJamaicaNY11411
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 11547 223rd Street, Jamaica, NY, 11411 in Jamaica is capital appreciation. Rental yield 1.57%. The 1.57% gross yield at $849,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $234,701 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.28) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $14,383.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.6% | 4.2% |
| Monthly Cash Flow | $(4,563) | $2,800 |
City averages based on Jamaica market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,110 |
| Total Monthly Debt Service | $5,542 |
| DSCR Ratio | 0.20x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
3,700 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11411, Cambria Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,078 (100%) |
| Owner Occupied HU | 4,611 (75.9%) |
| Renter Occupied HU | 1,252 (20.6%) |
| Vacant Housing Units | 215 ( 3.5%) |
| Median Home Value | $621,256 |
| Average Home Value | $647,783 |
Housing Distribution
Address Breakdown
Residential
5,418
Single Family
5,366
Multi-Family
52
Businesses
292
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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
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Nearby investment properties with comparable prices
