8401 Main St APT 311JamaicaNY11435
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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 8401 Main St APT 311, Jamaica, NY, 11435 uses $132,600 cash to close to unlock $1,748/yr annual cash flow and $146/mo monthly cash flow. Total monthly income runs $2,817/mo, and a $1,958/mo payment keeps the spread at $146/mo. Purchase price stands at $399,999, and rental yield measures 8.45% with $2,817/mo rent. Return on cash invested shows 21.23% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 110.56% and total cumulative return in cash records $146,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,817/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11435, Jamaica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,638 (100%) |
| Owner Occupied HU | 6,697 (31.0%) |
| Renter Occupied HU | 13,332 (61.6%) |
| Vacant Housing Units | 1,609 ( 7.4%) |
| Median Home Value | $634,231 |
| Average Home Value | $680,680 |
Housing Distribution
Address Breakdown
Residential
17,432
Single Family
6,269
Multi-Family
11,163
Businesses
1,155
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