8151 248th Street, Jamaica, NY, 11426 | 6.44% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Jamaica at 8151 248th Street, Jamaica, NY, 11426 generates $4,560/mo in rent, after a $4,160/mo payment. Total monthly income is $4,560/mo. Return on cash invested sits at 15.27% in year one, and rental yield is 6.44% on a $849,999 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 78.6% and total cumulative return in cash sums $219,813. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,560/mo property income rather than buyer’s personal income.

Single Family

Built in 1955

4,000 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautiful, well-maintained single-family home, nestled on a quiet residential block in Bellerose, offers the perfect blend of comfort, style, and convenience. The property features 3 bedrooms, 1 full bathroom, and a basement with bonus features , all within a light-filled open layout. The main level includes a formal dining room and an updated kitchen. There is also a detached garage and a private driveway for convenient parking. The property is located in School District 26 and is close to public transportation, major highways, shops, and parks. Dont miss this perfect opportunity!

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