232-02 Hillside AveQueens 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 232-02 Hillside Ave, Queens Village, NY, 11427 priced at $998,888 pairs $5,196/mo rent with after a $4,889/mo payment. Total monthly income equals $5,196/mo. Return on cash invested is 14.68% in year one, and rental yield stands at 6.24% on a $998,888 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $275,974 by year five. Five-year ROI measures 75.4% and total cumulative return in cash reaches $247,778. For financing, Ziffy Mortgage’s DSCR program evaluates $5,196/mo property income against a $4,889/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1945
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: David Pastorini - Licensed Real Estate Salesperson • Coldwell Banker Phillips
Mls Name: StreetEasy
Mls ID: #1725200