131-02B 40th Road #20LFlushingNY11354
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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 Flushing at 131-02B 40th Road #20L, Flushing, NY, 11354 offers a 4.74% rental yield on a $699,000 purchase with $2,760/mo rent. 16% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 41.14% and total cumulative return in cash at $94,610. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,760/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2023
5.49 Acres lot
$N/A/sqft
$374 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 11354, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,769 (100%) |
| Owner Occupied HU | 9,061 (33.8%) |
| Renter Occupied HU | 15,875 (59.3%) |
| Vacant Housing Units | 1,833 ( 6.8%) |
| Median Home Value | $693,225 |
| Average Home Value | $755,105 |
Housing Distribution
Address Breakdown
Residential
22,149
Single Family
4,757
Multi-Family
17,392
Businesses
3,549
Price History
Date | Event | Price |
|---|---|---|
| 2024-11-23 | Listed for sale | $699,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Condo
- Year Built: 2023
- Architectural Style: N/A
- Building Area: 603
- Living Area: 603 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Electric
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Garage, Private
Location
HOA & Fees
- HOA Fee: $374 monthly
- Association Fee: $374 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Trash Collection Public
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: Flushing High School
What's Special
None
Listed by: Hsin Yuan Yang • E Realty International Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3592854
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