14750 231st StreetSpringfield GardensNY11413
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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 Springfield Gardens at 14750 231st Street, Springfield Gardens, NY, 11413 generates $6,600/mo in rent, after a $6,725/mo payment. Total monthly income is $6,600/mo. Return on cash invested sits at 13.43% in year one, and rental yield is 5.76% on a $1,374,000 entry. Equity gained on principal adds $8,866/yr, while 5% annual appreciation builds toward $379,611 over five years. Five-year ROI reaches 68.65% and total cumulative return in cash sums $305,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,600/mo property income rather than buyer’s personal income.
Manufactured
Built in 1940
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
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Listed by: Shoshana Plashteav • Getmore Realty Inc
Mls Name: OneKey MLS
Mls ID: #945271