131-05 40th Rd #15TFlushingNY11354
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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 131-05 40th Rd #15T, Flushing, NY, 11354 uses $33,606 cash to close to unlock $25,275/yr annual cash flow and $2,106/mo monthly cash flow. Total monthly income runs $3,349/mo, and a $496/mo payment keeps the spread at $2,106/mo. Purchase price stands at $101,376, and rental yield measures 39.64% with $3,349/mo rent. Return on cash invested shows 95.12% in year one, and 5% annual appreciation builds toward $28,008 over five years. Five-year ROI reaches 514.24% and total cumulative return in cash records $172,816. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,349/mo property income covering a $496/mo payment rather than investor’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$566 monthly HOA
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
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