131-77 228thSpringfield 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 131-77 228th, Springfield Gardens, NY, 11413 offers a 12.3% rental yield on a $799,900 purchase with $8,202/mo rent. Total monthly income registers $8,202/mo, and a $3,915/mo payment leaves $2,861/mo available for distribution. Annual cash flow reaches $34,326/yr on $263,167 to close, and return on cash invested stands at 33.1% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $220,998 over five years. Portfolio math shows five-year ROI at 174.21% and total cumulative return in cash at $458,472. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,202/mo property income against a $3,915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,000 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: Zakir H Chowdhury • York Holding Realty LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3553913
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