12042 231st StCambria HeightsNY11411
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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 Cambria Heights at 12042 231st St, Cambria Heights, NY, 11411 offers a 7.43% rental yield on a $798,000 purchase with $4,942/mo rent. 29% in year one. Equity gained on principal adds $5,149/yr while 5% annual appreciation supports $220,473 over five years. Portfolio math shows five-year ROI at 94.77% and total cumulative return in cash at $248,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,942/mo property income against a $3,906/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
N/A 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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Listed by: Michael Corley • Corley Realty Group
Mls Name: StreetEasy
Mls ID: #S1802117