14623 226th StreetSpringfield GardensNY11413
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 14623 226th Street, Springfield Gardens, NY, 11413 in Springfield Gardens at $620,000 earns $4,267/mo in rent and nets $127/mo after the $2,788/mo payment, a 8.26% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $171,295 over five years. Ziffy Mortgage underwrites this on a 1.53 DSCR without U.S. credit history. With $5,710/yr in principal paydown, total projected return reaches $244,584.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $127 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,267 |
| Total Monthly Debt Service | $3,894 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1925
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
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
Single Family
Built in 1925
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: OneKey MLS
Mls ID: #965088