8380 118th st #6G, Jamaica, NY, 11415 | $641/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8380 118th st #6G, Jamaica, NY, 11415 | $641/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

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

Investment property for sale in Jamaica at 8380 118th st #6G, Jamaica, NY, 11415 uses $67,958 cash to close to unlock $7,697/yr annual cash flow and $641/mo monthly cash flow. Total monthly income runs $2,010/mo, and a $1,003/mo payment keeps the spread at $641/mo. Purchase price stands at $205,000, and rental yield measures 11.77% with $2,010/mo rent. Return on cash invested shows 31.24% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 164.26% and total cumulative return in cash records $111,630. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,010/mo property income covering a $1,003/mo payment rather than investor’s personal income.

Condo

Built in 1939

N/A lot

$N/A/sqft

No HOA

More details about the property

For Sale: 83-80 118th Street, Unit 6G, Queens, NY Welcome to this bright and inviting studio apartment in the heart of Kew Gardens! This well-maintained co-op offers an open layout with plenty of natural light, making it easy to create a comfortable and functional living space. The home features hardwood floors, a spacious main room, and a separate kitchen with ample cabinet and counter space. Located in a well-kept, elevator building with laundry facilities, a live-in super, and secure entry, this home is perfect for first-time buyers, investors, or anyone looking for a low-maintenance residence. Enjoy being just minutes away from Forest Park, local shops, dining, and multiple transportation options, including the E/F subway lines and LIRR, providing an easy commute into Manhattan. This is an excellent opportunity to own an affordable home in one of Queens most desirable neighborhoods

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