88-12 151st Avenue #3AQueensNY11414
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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 Queens at 88-12 151st Avenue #3A, Queens, NY, 11414 uses $72,930 cash to close to unlock $8,288/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,077/mo payment keeps the spread at $691/mo. Purchase price stands at $220,000, and rental yield measures 11.78% with $2,160/mo rent. Return on cash invested shows 31.27% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 164.46% and total cumulative return in cash records $119,939. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11414, Howard Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,349 (100%) |
| Owner Occupied HU | 7,623 (67.2%) |
| Renter Occupied HU | 3,107 (27.4%) |
| Vacant Housing Units | 619 ( 5.5%) |
| Median Home Value | $724,113 |
| Average Home Value | $718,758 |
Housing Distribution
Address Breakdown
Residential
9,976
Single Family
6,401
Multi-Family
3,575
Businesses
466
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