226-03 88th Ave #1Queens 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
Rental property for sale in Queens Village at 226-03 88th Ave #1, Queens Village, NY, 11427 generates $1,977/mo in rent, after a $1,419/mo payment. Total monthly income is $1,977/mo. Return on cash invested sits at 9.6% in year one, and rental yield is 8.18% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 52.11% and total cumulative return in cash sums $50,092. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,977/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$867 monthly 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: Jean O'Gallagher • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1778947