23318 118th AvenueCambria HeightsNY11411
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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 Cambria Heights at 23318 118th Avenue, Cambria Heights, NY, 11411 generates $1,110/mo in rent, after a $4,405/mo payment. Total monthly income is $1,110/mo. Return on cash invested sits at 0.2% in year one, and rental yield is 1.48% on a $899,999 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,110/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11411, Cambria Heights, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,078 (100%) |
| Owner Occupied HU | 4,611 (75.9%) |
| Renter Occupied HU | 1,252 (20.6%) |
| Vacant Housing Units | 215 ( 3.5%) |
| Median Home Value | $621,256 |
| Average Home Value | $647,783 |
Housing Distribution
Address Breakdown
Residential
5,418
Single Family
5,366
Multi-Family
52
Businesses
292
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Listed by: Amit Nidam • Exclusive Homes Group Inc
Mls Name: OneKey MLS
Mls ID: #939730