87-70 173rd St #5-NJamaicaNY11432
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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 87-70 173rd St #5-N, Jamaica, NY, 11432 uses $42,764 cash to close to unlock $1,943/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,023/mo, and a $631/mo payment keeps the spread at $162/mo. Purchase price stands at $129,000, and rental yield measures 9.52% with $1,023/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 127.85% and total cumulative return in cash records $54,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,023/mo property income covering a $631/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11432, Jamaica, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,629 (100%) |
| Owner Occupied HU | 7,000 (29.6%) |
| Renter Occupied HU | 14,589 (61.7%) |
| Vacant Housing Units | 2,040 ( 8.6%) |
| Median Home Value | $849,661 |
| Average Home Value | $913,764 |
Housing Distribution
Address Breakdown
Residential
18,979
Single Family
6,800
Multi-Family
12,179
Businesses
1,654
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