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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Queens Village at Springfield Boulevard & 112 Rd, Queens Village, NY, 11429 priced at $770,000 converts $4,502/mo rent into after a $3,769/mo obligation. Total monthly income equals $4,502/mo. Return on cash invested prints 17.03% in year one, and rental yield reads 7.02% against a $770,000 entry. Equity gained on principal adds $4,969/yr, while 5% annual appreciation compiles into $212,737 by year five. Five-year ROI reaches 88% and total cumulative return in cash sums $222,933. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,502/mo property income covering a $3,769/mo payment, not borrower’s personal income.
Single Family
Built in N/A
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 11429, Queens Village, NY area.
| 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 |
Residential
6,080
Single Family
5,845
Multi-Family
235
Businesses
314
Date | Event | Price |
|---|---|---|
| 2025-01-11 | Listed for sale | $770,000 |
| 2024-07-25 | Listing removed | $770,000 |
| 2024-04-05 | Listed for sale | $770,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bertha Luzquinos • JNL REALTY PROPERTY INC
Mls Name: NY State MLS
Mls ID: #11266070
