147-34 224th St #2Springfield GardensNY11413
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
Total monthly income runs $6,600/mo, and a $6,265/mo payment. Purchase price stands at $1,280,000, and rental yield measures 6.19% with $6,600/mo rent. Return on cash invested shows 14.73% in year one, and 5% annual appreciation builds toward $353,640 over five years. Five-year ROI reaches 75.66% and total cumulative return in cash records $313,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $6,265/mo payment rather than investor’s personal income.
Multi Family
Built in 2019
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 |
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: Huanyan Vivian Li • Prospes Real Estate Corp
Mls Name: StreetEasy
Mls ID: #S1806883