138-16 230th StreetSpringfield 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 138-16 230th Street, Springfield Gardens, NY, 11413 offers a 8.01% rental yield on a $989,000 purchase with $6,600/mo rent. 04% in year one. Equity gained on principal adds $6,382/yr while 5% annual appreciation supports $273,242 over five years. Portfolio math shows five-year ROI at 104.18% and total cumulative return in cash at $338,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,600/mo property income against a $4,841/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
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: Kenneth Pierre • Keller Williams Prestige Prop
Mls Name: OneKey MLS
Mls ID: #950275