80-22 247th StreetJamaicaNY11426
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 80-22 247th Street, Jamaica, NY, 11426 in Jamaica: $5,946/mo in rent, $744/mo in net income, 9.16% gross yield, 1.70 DSCR, all at $779,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $215,223 in appreciation and $7,175/yr in principal paydown projects total cumulative return of $344,903.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.2% |
| Monthly Cash Flow | $744 | $2,800 |
City averages based on Jamaica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,946 |
| Total Monthly Debt Service | $4,892 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
4,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
4,000 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices