222-89 Braddock Ave UNIT 3-EQueens VillageNY11427
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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 222-89 Braddock Ave UNIT 3-E, Queens Village, NY, 11427 offers a 8.14% rental yield on a $229,000 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $1,121/mo payment leaves $24/mo available for distribution. Annual cash flow reaches $283/yr on $75,914 to close, and return on cash invested stands at 20.28% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 105.51% and total cumulative return in cash at $80,093. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11427, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,287 (100%) |
| Owner Occupied HU | 4,710 (56.8%) |
| Renter Occupied HU | 3,253 (39.3%) |
| Vacant Housing Units | 324 ( 3.9%) |
| Median Home Value | $758,229 |
| Average Home Value | $780,329 |
Housing Distribution
Address Breakdown
Residential
7,331
Single Family
5,491
Multi-Family
1,840
Businesses
183
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Listed by: Wojciech Lewsza • WRL Realty, LLC
Mls Name: StreetEasy
Mls ID: #S1803543