77-17B Springfield Boulevard #98Oakland 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 77-17B Springfield Boulevard #98, Oakland Gardens, NY, 11364 offers a 10.93% rental yield on a $303,000 purchase with $2,760/mo rent. Total monthly income registers $2,760/mo, and a $1,483/mo payment leaves $737/mo available for distribution. Annual cash flow reaches $8,840/yr on $100,445 to close, and return on cash invested stands at 28.71% in year one. Equity gained on principal adds $1,955/yr while 5% annual appreciation supports $83,713 over five years. Portfolio math shows five-year ROI at 150.69% and total cumulative return in cash at $151,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $1,483/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Amy Qiu • Winzone Realty Inc
Mls Name: OneKey MLS
Mls ID: #953557