131-05 40th Rd #17LFlushingNY11354
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 131-05 40th Rd #17L, Flushing, NY, 11354 in Flushing hard to pass up. The 33.68% gross yield on a $155,093 purchase results in $4,352/mo in rent and $3,317/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (6.24). Annual cash flow of $39,801, five-year appreciation of $42,849, and $1,428/yr in equity build-up combine for a projected total cumulative return of $272,592.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 33.7% | 4.5% |
| Monthly Cash Flow | $3,317 | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,352 |
| Total Monthly Debt Service | $974 |
| DSCR Ratio | 4.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2018
N/A lot
$N/A/sqft
No 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
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
Condo
Built in 2018
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices