8407 89th AvenueWoodhavenNY11421
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8407 89th Avenue, Woodhaven, NY, 11421 in Woodhaven hard to pass up. The 10.24% gross yield on a $900,000 purchase results in $7,680/mo in rent and $1,670/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.80). Annual cash flow of $20,039, five-year appreciation of $248,653, and $7,545/yr in equity build-up combine for a projected total cumulative return of $433,727.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $1,670 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $7,680 |
| Total Monthly Debt Service | $5,871 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1901
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11421, Woodhaven, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,210 (100%) |
| Owner Occupied HU | 5,817 (44.0%) |
| Renter Occupied HU | 6,673 (50.5%) |
| Vacant Housing Units | 720 ( 5.5%) |
| Median Home Value | $763,964 |
| Average Home Value | $773,555 |
Housing Distribution
Address Breakdown
Residential
9,035
Single Family
6,703
Multi-Family
2,332
Businesses
610
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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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