121-16 198th StreetSpringfield GardensNY11413
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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 Springfield Gardens at 121-16 198th Street, Springfield Gardens, NY, 11413 listed at $799,000 pairs $5,413/mo rent with a $3,911/mo payment to leave $77/mo cash flow. Total monthly income runs $5,413/mo, and annual cash flow reaches $925/yr on $262,871 cash to close. Return on cash invested measures 20.41% in year one, and rental yield registers 8.13% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 106.17% and total cumulative return in cash totals $279,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,413/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
4,370 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11413, Springfield Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,696 (100%) |
| Owner Occupied HU | 8,693 (63.5%) |
| Renter Occupied HU | 4,343 (31.7%) |
| Vacant Housing Units | 660 ( 4.8%) |
| Median Home Value | $658,579 |
| Average Home Value | $700,669 |
Housing Distribution
Address Breakdown
Residential
10,635
Single Family
10,491
Multi-Family
144
Businesses
695
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Listed by: Arnold I. Ogir • Nationwide Homes LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3593775
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