216-04 132nd AvenueJamaicaNY11413
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
Investment property for sale in Jamaica at 216-04 132nd Avenue, Jamaica, NY, 11413 uses $196,082 cash to close to unlock $36,542/yr annual cash flow and $3,045/mo monthly cash flow. Total monthly income runs $7,025/mo, and a $2,917/mo payment keeps the spread at $3,045/mo. Purchase price stands at $595,995, and rental yield measures 14.14% with $7,025/mo rent. Return on cash invested shows 38.7% in year one, and 5% annual appreciation builds toward $164,662 over five years. Five-year ROI reaches 204.22% and total cumulative return in cash records $400,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,025/mo property income covering a $2,917/mo payment rather than investor’s personal income.
Single Family
Built in 1960
5,100 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: Conte Cuttino • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3571102
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