224-01 Kingsbury Ave #2Oakland GardensNY11364
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Oakland Gardens at 224-01 Kingsbury Ave #2, Oakland Gardens, NY, 11364 generates $3,434/mo in rent and, after a $2,198/mo payment, leaves $435/mo in cash flow. Total monthly income is $3,434/mo, and annual cash flow is $5,223/yr on $148,844 invested. Return on cash invested sits at 23.42% in year one, and rental yield is 9.18% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 122.32% and total cumulative return in cash sums $182,068. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,434/mo property income rather than buyer’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Milena Kabbani • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1799314