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3
Rent Potential Up 9.8% to $4,753
Updated 12 days ago
Your Investment Paths
Turnkey Rental
The rental market for this property is quite promising, with projected monthly income ranging between $4,275 and $4,922. These figures align well with neighborhood trends, making it an attractive option for consistent cash flow. With an estimated annual yield of approximately 6.45%, this property offers a solid return on investment. The healthy local appreciation rate further supports long-term wealth building, positioning this as a strong candidate for your portfolio.
More about this home
Neighborhood Assessment
Ozone Park is a classic Queens community where you'll see tree-lined streets, detached single family homes, and a mix of long-term residents and newcomers. It's quiet, feels safe, and you get that neighborhood vibe where folks know each other. You're on a block where almost every nearby house is in the $810K to $905K range, with comps blending multi-family and single family setups. Schools are a short walk away and pretty well-rated, so that's a plus for families.
Market Activity
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Rental Income
$55K
Yield
6.5%
Appreciation
$48K
Year 1 Estimates
Fix-and-Flip
Modern updates offer a clear edge, lifting value to approximately $549 per square foot compared to the $513 baseline. This represents a 7% boost in value, signaling that thoughtful renovations resonate strongly with today’s active buyers. This strategy enhances your property’s appeal and rental potential, reaching up to $5,447 monthly. Investing in modern touches creates a fresh, move-in-ready home that stands out, capturing greater buyer interest and securing long-term neighborhood value.
Value Add
$58K
Appreciation
$50K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value reaching up to $933,000. Investors can leverage a modest renovation to bridge the value gap, effectively positioning the asset at the high end of market expectations. Projected annual rental income of $56,220 provides a stable 6.3% yield. Combined with a strong 5.5% annual appreciation rate, this asset represents a reliable income generator that balances cash flow with long-term equity growth potential.
Rental Income
$56K
Yield
6.3%
Appreciation
$50K
Year 1 Estimates, Post Typical Renovation
Estimated value
$855K
$30.2K over comp median
Comparative Market Analysis
$726K – $950K
~429 days to sell
Based on 9 comps
13723 96th Pl, Ozone Park Investment Report: Flip & Rental Analysis · Frontflip