92-49 Springfield Blvd #1Queens VillageNY11428
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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 Queens Village at 92-49 Springfield Blvd #1, Queens Village, NY, 11428 generates $4,392/mo in rent, after a $4,160/mo payment. Total monthly income is $4,392/mo. Return on cash invested sits at 14.55% in year one, and rental yield is 6.2% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 74.73% and total cumulative return in cash sums $208,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,392/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11428, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,758 (100%) |
| Owner Occupied HU | 3,642 (63.3%) |
| Renter Occupied HU | 1,829 (31.8%) |
| Vacant Housing Units | 287 ( 5.0%) |
| Median Home Value | $670,860 |
| Average Home Value | $711,679 |
Housing Distribution
Address Breakdown
Residential
4,929
Single Family
4,369
Multi-Family
560
Businesses
512
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Listed by: Zoraida Gonzalez • Novos Realty and Advisory Services
Mls Name: StreetEasy
Mls ID: #S1799853