64-55 Springfield Boulevard #6455Oakland 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
Rental property for sale in Oakland Gardens at 64-55 Springfield Boulevard #6455, Oakland Gardens, NY, 11364 generates $3,780/mo in rent and, after a $2,178/mo payment, leaves $808/mo in cash flow. Total monthly income is $3,780/mo, and annual cash flow is $9,701/yr on $147,518 invested. Return on cash invested sits at 26.49% in year one, and rental yield is 10.19% on a $445,000 entry. Equity gained on principal adds $2,872/yr, while 5% annual appreciation builds toward $122,945 over five years. Five-year ROI reaches 138.76% and total cumulative return in cash sums $204,692. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,780/mo property income rather than buyer’s personal income.
Condo
Built in 1950
N/A 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: Xinan Guo • Prospes Real Estate Corp
Mls Name: OneKey MLS
Mls ID: #953347