50-24 232nd StreetOakland GardensNY11364
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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 Oakland Gardens at 50-24 232nd Street, Oakland Gardens, NY, 11364 offers a 4.61% rental yield on a $1,280,000 purchase with $4,920/mo rent. 87% in year one. Equity gained on principal adds $8,260/yr while 5% annual appreciation supports $353,640 over five years. Portfolio math shows five-year ROI at 49.59% and total cumulative return in cash at $205,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,920/mo property income against a $6,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
4,242 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11364, Oakland Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,934 (100%) |
| Owner Occupied HU | 9,197 (66.0%) |
| Renter Occupied HU | 4,149 (29.8%) |
| Vacant Housing Units | 588 ( 4.2%) |
| Median Home Value | $771,586 |
| Average Home Value | $758,637 |
Housing Distribution
Address Breakdown
Residential
12,823
Single Family
10,449
Multi-Family
2,374
Businesses
441
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Listed by: Steven Leong • New Group Realty Inc
Mls Name: OneKey MLS
Mls ID: #951037