9713 87th StJamaicaNY11416
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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 9713 87th St, Jamaica, NY, 11416 uses $229,971 cash to close to unlock $21,305/yr annual cash flow and $1,775/mo monthly cash flow. Total monthly income runs $6,443/mo, and a $3,421/mo payment keeps the spread at $1,775/mo. Purchase price stands at $699,000, and rental yield measures 11.06% with $6,443/mo rent. Return on cash invested shows 29.32% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 153.95% and total cumulative return in cash records $354,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,443/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 1922
2,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11416, Ozone Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,539 (100%) |
| Owner Occupied HU | 3,066 (35.9%) |
| Renter Occupied HU | 4,964 (58.1%) |
| Vacant Housing Units | 509 ( 6.0%) |
| Median Home Value | $764,242 |
| Average Home Value | $831,089 |
Housing Distribution
Address Breakdown
Residential
4,750
Single Family
4,017
Multi-Family
733
Businesses
546
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