11050 71st Rd SUITE 1LFlushingNY11375
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 11050 71st Rd SUITE 1L, Flushing, NY, 11375 uses $42,764 cash to close to unlock $32,303/yr annual cash flow and $2,692/mo monthly cash flow. Total monthly income runs $4,726/mo, and a $631/mo payment keeps the spread at $2,692/mo. Purchase price stands at $129,000, and rental yield measures 43.96% with $4,726/mo rent. Return on cash invested shows 95.45% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 520.48% and total cumulative return in cash records $222,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,726/mo property income covering a $631/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
$1,173 monthly HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices