124-28 Queens Blvd #11BKew GardensNY11415
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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 Kew Gardens at 124-28 Queens Blvd #11B, Kew Gardens, NY, 11415 generates $3,414/mo in rent, after a $2,477/mo payment. Total monthly income is $3,414/mo. Return on cash invested sits at 18.99% in year one, and rental yield is 8.1% on a $506,000 entry. Equity gained on principal adds $3,265/yr, while 5% annual appreciation builds toward $139,798 over five years. Five-year ROI reaches 99.01% and total cumulative return in cash sums $164,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,414/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$183 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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Listed by: Hsin Yuan Yang - Licensed Real Estate Broker • E Realty International Corp
Mls Name: StreetEasy
Mls ID: #1716231