9422 124th St, Jamaica, NY, 11419 | 6.69% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $4,177/mo, and a $3,666/mo payment. Purchase price stands at $749,000, and rental yield measures 6.69% with $4,177/mo rent. Return on cash invested shows 16.04% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 82.74% and total cumulative return in cash records $203,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,177/mo property income covering a $3,666/mo payment rather than investor’s personal income.

Single Family

Built in 1925

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 94-22 124th St, Richmond Hill South, NY a stunning single-family home featuring modern upgrades like a new heating boiler and roof. The property offers a full finished basement with a separate entrance for added versatility. The first floor boasts a living room, a well-appointed kitchen, a dining area, and a convenient half bath. Upstairs, you'll find 3 generously sized bedrooms and a full bath. Perfectly situated in the heart of Richmond Hill South, this home is close to public transportation, shops, and essential amenities. With the added bonus of a huge car garage, this home combines comfort, convenience, and exceptional value. Don't let this opportunity pass you by!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11419, South Richmond Hill, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,122 (100%)
Owner Occupied HU	6,138 (43.5%)
Renter Occupied HU	7,321 (51.8%)
Vacant Housing Units	663 ( 4.7%)
Median Home Value	$716,866
Average Home Value	$773,065