5856 229th StOakland 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 5856 229th St, Oakland Gardens, NY, 11364 projects strong ROI of 2.29%. Rental yield 2.15%. With 5% annual appreciation, the property builds $602,294 in value over five years. Equity growth combined delivers a projected five-year ROI of 8.89%, translating into $62,808 in total cumulative return on $706,320 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1980
5,560 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: Eric Li • EAST COAST NEW YORK
Mls Name: NY State MLS
Mls ID: #11451958