139-139 98th Ave #503Queens VillageNY11429
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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
Rental property for sale in Queens Village at 139-139 98th Ave #503, Queens Village, NY, 11429 generates $3,240/mo in rent and, after a $1,610/mo payment, leaves $1,043/mo in cash flow. Total monthly income is $3,240/mo, and annual cash flow is $12,519/yr on $109,064 invested. Return on cash invested sits at 31.39% in year one, and rental yield is 11.82% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 165.06% and total cumulative return in cash sums $180,021. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11429, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,932 (100%) |
| Owner Occupied HU | 4,924 (62.1%) |
| Renter Occupied HU | 2,590 (32.7%) |
| Vacant Housing Units | 418 ( 5.3%) |
| Median Home Value | $643,158 |
| Average Home Value | $669,812 |
Housing Distribution
Address Breakdown
Residential
6,080
Single Family
5,845
Multi-Family
235
Businesses
314
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Listed by: Edward A. Penafiel CBR • EXP Realty
Mls Name: eXp Realty
Mls ID: #950130