142-20 84th Drive #1KBriarwoodNY11435
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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 Briarwood at 142-20 84th Drive #1K, Briarwood, NY, 11435 generates $1,308/mo in rent and, after a $783/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,308/mo, and annual cash flow is $2,876/yr on $53,040 invested. Return on cash invested sits at 25.33% in year one, and rental yield is 9.81% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 132.58% and total cumulative return in cash sums $70,322. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
No 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
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Listed by: Olga Mayayeva GRI SRS CBR • EXP Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #856596
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