131-16 115th AveSouth Ozone ParkNY11420
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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 South Ozone Park at 131-16 115th Ave, South Ozone Park, NY, 11420 listed at $235,000 pairs $1,610/mo rent with a $1,150/mo payment to leave $41/mo cash flow. Total monthly income runs $1,610/mo, and annual cash flow reaches $491/yr on $77,903 cash to close. Return on cash invested measures 20.54% in year one, and rental yield registers 8.22% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 106.86% and total cumulative return in cash totals $83,248. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,610/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11420, South Ozone Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,510 (100%) |
| Owner Occupied HU | 8,160 (56.2%) |
| Renter Occupied HU | 5,618 (38.7%) |
| Vacant Housing Units | 732 ( 5.0%) |
| Median Home Value | $716,826 |
| Average Home Value | $763,851 |
Housing Distribution
Address Breakdown
Residential
10,093
Single Family
9,776
Multi-Family
317
Businesses
598
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Listed by: Joshua Harris • JOSHUAS REALTY
Mls Name: NY State MLS
Mls ID: #10973205