124-16 84th Rd APT 1DQueensNY11415
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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
Rental property for sale in Queens at 124-16 84th Rd APT 1D, Queens, NY, 11415 generates $2,821/mo in rent, after a $1,468/mo payment. Total monthly income is $2,821/mo. Return on cash invested sits at 19.78% in year one, and rental yield is 11.28% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 106.39% and total cumulative return in cash sums $105,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,821/mo property income rather than buyer’s personal income.
Condo
Built in 1938
N/A lot
$N/A/sqft
$829 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11415, Kew Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 3,310 (35.8%) |
| Renter Occupied HU | 5,339 (57.8%) |
| Vacant Housing Units | 587 ( 6.4%) |
| Median Home Value | $544,118 |
| Average Home Value | $745,670 |
Housing Distribution
Address Breakdown
Residential
8,758
Single Family
1,315
Multi-Family
7,443
Businesses
432
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