218-20 112th AveQueens VillageNY11429
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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 Queens Village at 218-20 112th Ave, Queens Village, NY, 11429 earns $45/mo cash flow from $2,229/mo rent with a $1,601/mo payment. Total monthly income totals $2,229/mo, and annual cash flow totals $538/yr on $108,401 capital. ROI tracks 20.41% on current figures, and rental yield reads 8.18% at a $327,000 purchase. Equity gained on principal adds $2,110/yr, and 5% annual appreciation supports $90,344 over five years. Five-year ROI reaches 106.14% and total cumulative return in cash sums $115,061. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,229/mo property income instead of your personal income.
Single Family
Built in 1920
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11429, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,932 (100%) |
| Owner Occupied HU | 4,924 (62.1%) |
| Renter Occupied HU | 2,590 (32.7%) |
| Vacant Housing Units | 418 ( 5.3%) |
| Median Home Value | $643,158 |
| Average Home Value | $669,812 |
Housing Distribution
Address Breakdown
Residential
6,080
Single Family
5,845
Multi-Family
235
Businesses
314
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Listed by: Eric Lee • SOWAE CORP
Mls Name: NY State MLS
Mls ID: #11333896