131-06 224th StreetLaureltonNY11413
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Laurelton at 131-06 224th Street, Laurelton, NY, 11413 earns $3,447/mo cash flow from $7,120/mo rent with a $2,692/mo payment. Total monthly income totals $7,120/mo, and annual cash flow totals $41,366/yr on $180,947 capital. ROI tracks 42.92% on current figures, and rental yield reads 15.53% at a $549,990 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,952 over five years. Five-year ROI reaches 226.87% and total cumulative return in cash sums $410,515. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,120/mo property income instead of your personal income.
Single Family
Built in 1945
3,700 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: Kenny Kamil Sattaur • RE/MAX Southshore Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3572139
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