216-37 68th Ave #2Oakland GardensNY11364
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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
Investment property for sale in Oakland Gardens at 216-37 68th Ave #2, Oakland Gardens, NY, 11364 offers a 8.42% rental yield on a $365,000 purchase with $2,561/mo rent. Total monthly income registers $2,561/mo, and a $1,786/mo payment leaves $124/mo available for distribution. Annual cash flow reaches $1,489/yr on $120,998 to close, and return on cash invested stands at 21.14% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 110.11% and total cumulative return in cash at $133,231. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,561/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11364, Oakland Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,934 (100%) |
| Owner Occupied HU | 9,197 (66.0%) |
| Renter Occupied HU | 4,149 (29.8%) |
| Vacant Housing Units | 588 ( 4.2%) |
| Median Home Value | $771,586 |
| Average Home Value | $758,637 |
Housing Distribution
Address Breakdown
Residential
12,823
Single Family
10,449
Multi-Family
2,374
Businesses
441
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Listed by: Amy Qiu • Winzone Realty Inc
Mls Name: StreetEasy
Mls ID: #S1790471