224-01 Hillside Ave #2Queens 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 224-01 Hillside Ave #2, Queens Village, NY, 11427 uses $82,212 cash to close to unlock $861/yr annual cash flow and $72/mo monthly cash flow. Total monthly income runs $1,728/mo, and a $1,214/mo payment keeps the spread at $72/mo. Purchase price stands at $248,000, and rental yield measures 8.36% with $1,728/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 109.1% and total cumulative return in cash records $89,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,728/mo property income covering a $1,214/mo payment rather than investor’s personal income.
Condo
Built in 1951
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: Etan Hakimi • Mitra Hakimi Realty Group, LLC
Mls Name: StreetEasy
Mls ID: #S1776333