8671 Marengo StJamaicaNY11423
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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 8671 Marengo St, Jamaica, NY, 11423 uses $314,853 cash to close to unlock $1,648/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $6,528/mo, and a $4,684/mo payment keeps the spread at $137/mo. Purchase price stands at $957,000, and rental yield measures 8.19% with $6,528/mo rent. Return on cash invested shows 20.58% in year one, and 5% annual appreciation builds toward $264,401 over five years. Five-year ROI reaches 107.08% and total cumulative return in cash records $337,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,528/mo property income covering a $4,684/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11423, Hollis, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,462 (100%) |
| Owner Occupied HU | 5,444 (52.0%) |
| Renter Occupied HU | 4,569 (43.7%) |
| Vacant Housing Units | 449 ( 4.3%) |
| Median Home Value | $712,709 |
| Average Home Value | $771,654 |
Housing Distribution
Address Breakdown
Residential
7,900
Single Family
5,545
Multi-Family
2,355
Businesses
519
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