131-05 40th Rd #9K, Flushing, NY, 11354 | 5.62% Rental Yield

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131-05 40th Rd #9K, Flushing, NY, 11354 | 5.62% 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

Rental property for sale in Flushing at 131-05 40th Rd #9K, Flushing, NY, 11354 generates $3,924/mo in rent, after a $4,102/mo payment. Total monthly income is $3,924/mo. Return on cash invested sits at 9.08% in year one, and rental yield is 5.62% on a $838,000 entry. Equity gained on principal adds $5,407/yr, while 5% annual appreciation builds toward $231,524 over five years. Five-year ROI reaches 46.73% and total cumulative return in cash sums $128,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,924/mo property income rather than buyer’s personal income.

Condo

Built in 2015

N/A lot

$N/A/sqft

$850 monthly HOA

More details about the property

Situated in the prime location of Downtown Flushing, this luxurious condo is perched atop the esteemed Sky View Shopping Center, providing unrivaled convenience and a vibrant lifestyle. Dont miss the opportunity to own this remarkable one-bedroom residence at Grand 1, where luxury meets convenience in the heart of Flushing. Experience the best of urban living while enjoying stunning views, unparalleled amenities, and a prime location. Gorgeous corner 1 bedroom 1 Full bath apartment with spectacular city and park views at the highly desirable Grand Two building in the heart of Flushing, Entertain around the open concept vented chefs kitchen incorporating Bosch Stainless Steel Appliances, Granite Counter-tops, and breakfast bar. 9 Ceiling Height & Wood Floors, Sunny and bright with huge Balcony with spectacular city views. Face South, Oversized Sound Proof Windows Heat, in-unit washer/dryer. A full service building featuring Live-In Resident Manager, Landscaped Terraces, BBQ Grills, Fitness Center, Swimming Pool, Basketball & Tennis Courts, Childrens Playground, Jacuzzi, Steam & Sauna Room. Dog Run, Running Track all on a 4-Acre Planted Roof Park.

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