8237 Austin StJamaicaNY11415
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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 Jamaica at 8237 Austin St, Jamaica, NY, 11415 priced at $1,388,000 converts $3,874/mo rent into after a $6,794/mo obligation. Total monthly income equals $3,874/mo. Return on cash invested prints 5.97% in year one, and rental yield reads 3.35% against a $1,388,000 entry. Equity gained on principal adds $8,957/yr, while 5% annual appreciation compiles into $383,479 by year five. Five-year ROI reaches 28.67% and total cumulative return in cash sums $128,936. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,874/mo property income covering a $6,794/mo payment, not borrower’s personal income.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11415, Kew Gardens, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 3,310 (35.8%) |
| Renter Occupied HU | 5,339 (57.8%) |
| Vacant Housing Units | 587 ( 6.4%) |
| Median Home Value | $544,118 |
| Average Home Value | $745,670 |
Housing Distribution
Address Breakdown
Residential
8,758
Single Family
1,315
Multi-Family
7,443
Businesses
432
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