8380 118th St APT 2LJamaicaNY11415
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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 Jamaica at 8380 118th St APT 2L, Jamaica, NY, 11415 earns $4,416/mo cash flow from $6,158/mo rent with a $798/mo payment. Total monthly income totals $6,158/mo, and annual cash flow totals $52,996/yr on $54,035 capital. ROI tracks 117.99% on current figures, and rental yield reads 45.33% at a $163,000 purchase. Equity gained on principal adds $1,052/yr, and 5% annual appreciation supports $45,034 over five years. Five-year ROI reaches 634.74% and total cumulative return in cash sums $342,979. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,158/mo property income instead of your personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
$653 monthly 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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