227-18 Hillside Avenue #LowerQueens 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 227-18 Hillside Avenue #Lower, Queens Village, NY, 11427 listed at $290,000 pairs $2,054/mo rent with a $1,419/mo payment to leave $118/mo cash flow. Total monthly income runs $2,054/mo, and annual cash flow reaches $1,414/yr on $96,135 cash to close. Return on cash invested measures 21.38% in year one, and rental yield registers 8.5% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 111.36% and total cumulative return in cash totals $107,056. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,054/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1952
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: Jessica A. Akde Elmazi MRP CPM CBR • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls ID: #929621