110-45 71st Road UNIT 2LFlushingNY11375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Flushing at 110-45 71st Road UNIT 2L, Flushing, NY, 11375 offers a 13.11% rental yield on a $599,000 purchase with $6,542/mo rent. Total monthly income registers $6,542/mo, and a $2,932/mo payment leaves $1,423/mo available for distribution. Annual cash flow reaches $17,073/yr on $197,071 to close, and return on cash invested stands at 28.72% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 153.19% and total cumulative return in cash at $301,894. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,542/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1952
N/A lot
$N/A/sqft
$1,119 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 11375, Forest Hills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,178 (100%) |
| Owner Occupied HU | 16,568 (47.1%) |
| Renter Occupied HU | 16,416 (46.7%) |
| Vacant Housing Units | 2,194 ( 6.2%) |
| Median Home Value | $816,287 |
| Average Home Value | $887,843 |
Housing Distribution
Address Breakdown
Residential
33,668
Single Family
6,622
Multi-Family
27,046
Businesses
1,853
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-01 | Listed for sale | $599,000 |
| 2018-07-20 | Listing removed | $555,000 |
| 2018-06-01 | Price change | $555,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2010-08-14 | N/A | N/A | N/A | N/A |
| 2009-08-14 | N/A | N/A | N/A | N/A |
| 2008-08-14 | N/A | N/A | N/A | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Cooperative
- Year Built: 1952
- Architectural Style: N/A
- Building Area: 1,100
- Living Area: 1,100 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Oil, Steam
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Private
Location
HOA & Fees
- HOA Fee: $1,119 monthly
- Association Fee: $1,119 monthly
- Fees & Dues: N/A
- Association Amenities: Door Person
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Metropolitan Expeditionary Lrning
- High School: Forest Hills High School
What's Special
None
Listed by: Matthew Schnepf • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3569676
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