86-73 Springfield Boulevard #DUPLEXQueens VillageNY11427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Queens Village at 86-73 Springfield Boulevard #DUPLEX, Queens Village, NY, 11427 priced at $372,000 converts $3,360/mo rent into $876/mo cash flow after a $1,821/mo obligation. Total monthly income equals $3,360/mo, and annual cash flow totals $10,507/yr on $123,318 invested. Return on cash invested prints 28.43% in year one, and rental yield reads 10.84% against a $372,000 entry. Equity gained on principal adds $2,400/yr, while 5% annual appreciation compiles into $102,777 by year five. Five-year ROI reaches 149.18% and total cumulative return in cash sums $183,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $1,821/mo payment, not borrower’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11427, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,287 (100%) |
| Owner Occupied HU | 4,710 (56.8%) |
| Renter Occupied HU | 3,253 (39.3%) |
| Vacant Housing Units | 324 ( 3.9%) |
| Median Home Value | $758,229 |
| Average Home Value | $780,329 |
Housing Distribution
Address Breakdown
Residential
7,331
Single Family
5,491
Multi-Family
1,840
Businesses
183
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Listed by: Anne Akde-Donohue • Compass Greater NY LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #815833
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