146-74 183rd St #2FAM, Springfield Gardens, NY, 11413 | $1,688/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield Gardens at 146-74 183rd St #2FAM, Springfield Gardens, NY, 11413 listed at $899,000 pairs $7,691/mo rent with a $4,400/mo payment to leave $1,688/mo cash flow. Total monthly income runs $7,691/mo, and annual cash flow reaches $20,253/yr on $295,771 cash to close. Return on cash invested measures 26.91% in year one, and rental yield registers 10.27% at a $899,000 basis. Equity gained on principal adds $5,801/yr, and annual property appreciation at 5% supports $248,377 by year five. Five-year ROI tracks 140.98% and total cumulative return in cash totals $416,986. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,691/mo property income relative to a $4,400/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1920

N/A 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