8944 98th StJamaicaNY11421
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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
Rental property for sale in Jamaica at 8944 98th St, Jamaica, NY, 11421 generates $5,039/mo in rent, after a $5,139/mo payment. Total monthly income is $5,039/mo. Return on cash invested sits at 13.41% in year one, and rental yield is 5.76% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 68.56% and total cumulative return in cash sums $233,249. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,039/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
N/A 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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