131-03 40 Road, Flushing, NY, 11354 | 4.74% Rental Yield

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flushing at 131-03 40 Road, Flushing, NY, 11354 earns from $2,760/mo rent with a $3,421/mo payment. Total monthly income totals $2,760/mo. ROI tracks 10.11% on current figures, and rental yield reads 4.74% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 50.9% and total cumulative return in cash sums $117,050. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,760/mo property income instead of your personal income.

Condo

Built in 2017

N/A lot

$N/A/sqft

No HOA

More details about the property

Large one bedroom at GRAND New Luxury Condo (skyview parcs) now for sale seller pays transfer tax: 1.825%. :::This apartment::: -spacious living room -ceiling to floor windows -excellent condition -Sunny And Bright -Large Double Panel Soundproof Windows. -Concrete Soundproof Walls Add To A Good Nights Sleep. -Designed With State-Of-The-Art Appliances And Materials. -In-Suite Washer And Dryer. -large balcony -NEST thermo AC/heating center -quiet unit not next to the 7 train of 131-05 or the LIRR of 131-01 :::Amenities::: -24-Hour Staffed Lobby And Concierge -6 acre exclusive rooftop garden for residents -Direct Access To Huge sprawling shopping center at SKYVIEW MALL -communal exclusive Bbq. Mini Golf. -Exercise/Fitness Center complete with Spa/jacuzzi, sauna. -2 Tennis Courts, basketball court, track. -large exclusive swimming pool -playroom and playground :::Location::: -unparalleled convenience and value for commuters and locals alike -mega Skyview mall directly accessible via elevator downstairs with 6 floors shopping, including BJs, skyfood, and target -flushing is NYCs food Mecca; +200 restaurants and multiple food courts within a few block radius with below market value pricing on food -Minutes walk away from 7 train Subway, Buses, LIRR. -Parking available onsite for $375 a month All rounder. Priced to sell. Will not last. Please call/text. Also have other units for sale in same complex.

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