159-16 Meyer AvenueJamaicaNY11433
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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 Jamaica at 159-16 Meyer Avenue, Jamaica, NY, 11433 generates $960/mo in rent, after a $3,911/mo payment. Total monthly income is $960/mo. Return on cash invested sits at 0.08% in year one, and rental yield is 1.44% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $960/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11433, Jamaica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,376 (100%) |
| Owner Occupied HU | 5,188 (38.8%) |
| Renter Occupied HU | 7,436 (55.6%) |
| Vacant Housing Units | 752 ( 5.6%) |
| Median Home Value | $653,097 |
| Average Home Value | $721,374 |
Housing Distribution
Address Breakdown
Residential
9,511
Single Family
6,777
Multi-Family
2,734
Businesses
592
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