99-23 215th StreetQueens VillageNY11429
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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 Village at 99-23 215th Street, Queens Village, NY, 11429 offers a 9.02% rental yield on a $560,000 purchase with $4,210/mo rent. Total monthly income registers $4,210/mo, and a $2,741/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,644/yr on $184,240 to close, and return on cash invested stands at 23.12% in year one. Equity gained on principal adds $3,614/yr while 5% annual appreciation supports $154,718 over five years. Portfolio math shows five-year ROI at 120.71% and total cumulative return in cash at $222,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,210/mo property income against a $2,741/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11429, Queens Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,932 (100%) |
| Owner Occupied HU | 4,924 (62.1%) |
| Renter Occupied HU | 2,590 (32.7%) |
| Vacant Housing Units | 418 ( 5.3%) |
| Median Home Value | $643,158 |
| Average Home Value | $669,812 |
Housing Distribution
Address Breakdown
Residential
6,080
Single Family
5,845
Multi-Family
235
Businesses
314
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Listed by: Todd A. Yovino • Island Advantage Realty LLC
Mls Name: OneKey MLS
Mls ID: #895891