13138 234th Street #LowerQueensNY11422
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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 Queens at 13138 234th Street #Lower, Queens, NY, 11422 uses $79,229 cash to close to unlock $993/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,679/mo, and a $1,170/mo payment keeps the spread at $83/mo. Purchase price stands at $239,000, and rental yield measures 8.43% with $1,679/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 110.23% and total cumulative return in cash records $87,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,679/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Condo
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11422, Rosedale, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,457 (100%) |
| Owner Occupied HU | 6,214 (59.4%) |
| Renter Occupied HU | 3,646 (34.9%) |
| Vacant Housing Units | 597 ( 5.7%) |
| Median Home Value | $642,266 |
| Average Home Value | $666,686 |
Housing Distribution
Address Breakdown
Residential
7,646
Single Family
7,624
Multi-Family
22
Businesses
411
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