219-59 74 Avenue #422A1Oakland 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 219-59 74 Avenue #422A1, Oakland Gardens, NY, 11364 uses $117,020 cash to close to unlock $9,150/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,728/mo payment keeps the spread at $762/mo. Purchase price stands at $353,000, and rental yield measures 10.61% with $3,120/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $97,527 over five years. Five-year ROI reaches 145.42% and total cumulative return in cash records $170,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,728/mo payment rather than investor’s personal income.
Condo
Built in 1950
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: OneKey MLS
Mls Provider:
Mls ID: #882957
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