224-38 Kingsbury Ave #AOakland 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 224-38 Kingsbury Ave #A, Oakland Gardens, NY, 11364 uses $135,584 cash to close to unlock $4,663/yr annual cash flow and $389/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $2,002/mo payment keeps the spread at $389/mo. Purchase price stands at $409,000, and rental yield measures 9.15% with $3,120/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 121.92% and total cumulative return in cash records $165,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,002/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: Leah Lori L. Ferster • North East Queens Realty Corp
Mls Name: OneKey MLS
Mls ID: #953082