248-43 88th RoadJamaicaNY11426
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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 Jamaica at 248-43 88th Road, Jamaica, NY, 11426 generates $4,624/mo in rent, after a $4,454/mo payment. Total monthly income is $4,624/mo. Return on cash invested sits at 14.24% in year one, and rental yield is 6.1% on a $910,000 entry. Equity gained on principal adds $5,872/yr, while 5% annual appreciation builds toward $251,416 over five years. Five-year ROI reaches 73.05% and total cumulative return in cash sums $218,695. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,624/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
4,844 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11426, Bellerose, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,974 (100%) |
| Owner Occupied HU | 4,539 (65.1%) |
| Renter Occupied HU | 2,100 (30.1%) |
| Vacant Housing Units | 335 ( 4.8%) |
| Median Home Value | $710,148 |
| Average Home Value | $714,591 |
Housing Distribution
Address Breakdown
Residential
5,517
Single Family
5,235
Multi-Family
282
Businesses
290
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