140 50 Burden Cres UNIT 2 EJamaicaNY11435
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Jamaica at 140 50 Burden Cres UNIT 2 E, Jamaica, NY, 11435 uses $41,769 cash to close to unlock $18,220/yr annual cash flow and $1,518/mo monthly cash flow. Total monthly income runs $3,110/mo, and a $617/mo payment keeps the spread at $1,518/mo. Purchase price stands at $126,000, and rental yield measures 29.62% with $3,110/mo rent. Return on cash invested shows 63.53% in year one, and 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 345.32% and total cumulative return in cash records $144,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,110/mo property income covering a $617/mo payment rather than investor’s personal income.
Condo
Built in 1953
N/A lot
$N/A/sqft
$750 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11435, Jamaica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,638 (100%) |
| Owner Occupied HU | 6,697 (31.0%) |
| Renter Occupied HU | 13,332 (61.6%) |
| Vacant Housing Units | 1,609 ( 7.4%) |
| Median Home Value | $634,231 |
| Average Home Value | $680,680 |
Housing Distribution
Address Breakdown
Residential
17,432
Single Family
6,269
Multi-Family
11,163
Businesses
1,155
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sayed A Islam • RE/MAX Team
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3557716
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.