131-03 40th Rd UNIT PH1D, Flushing, NY, 11354 | 4.74% Rental Yield

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131-03 40th Rd UNIT PH1D, Flushing, NY, 11354 | 4.74% Rental Yield | Ziffy

For Sale

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

Total monthly income runs $2,760/mo, and a $3,421/mo payment. Purchase price stands at $699,000, and rental yield measures 4.74% with $2,760/mo rent. Return on cash invested shows 6.45% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 32.63% and total cumulative return in cash records $75,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $3,421/mo payment rather than investor’s personal income.

Condo

Built in 2016

N/A lot

$N/A/sqft

$700 monthly HOA

More details about the property

Welcome to the Grand Two Luxury Condominium in the heart of Flushing that has everything to Offer! This penthouse condo residence with 9 ceilings boasts plenty of natural light with Oak wood floors, facing a balcony giving your own private oasis. This spacious 1Bedroom unit features 695 net sqft interior space, plus a spacious 360 sf terrace with an unobstructed view. Floor-to-ceiling windows with Soundproof double-glazed insulated windows, The generously sized bedroom offers space for a King-sized bed with nightstands, along with a table as your workspace. The bathroom features porcelain tile flooring, Grohe bathroom fixtures, and Kohler bathtub and toilets. An open-concept gourmet kitchen with breakfast counter and Bosch stainless steel appliances. In-suite laundry closet with stacked washer and dryer by Bosch. additional feature NEST thermo AC/heating center is also available for your very own custom temperature needs. FULL amenities such as a 24-hour staffed lobby and Concierge ready to be at your service, swimming pool, tennis court, a shopping center, medical offices supermarket below the Grand, and a parking garage underneath!

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