138-35 Elder Ave #4HFlushingNY11355
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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 138-35 Elder Ave #4H, Flushing, NY, 11355 listed at $863,000 pairs $3,118/mo rent with a $4,224/mo payment. Total monthly income runs $3,118/mo. Return on cash invested measures 8.88% in year one, and rental yield registers 4.34% at a $863,000 basis. Equity gained on principal adds $5,569/yr, and annual property appreciation at 5% supports $238,431 by year five. Five-year ROI tracks 44.31% and total cumulative return in cash totals $125,807. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,118/mo property income relative to a $4,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11355, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,864 (100%) |
| Owner Occupied HU | 9,376 (28.5%) |
| Renter Occupied HU | 21,576 (65.7%) |
| Vacant Housing Units | 1,912 ( 5.8%) |
| Median Home Value | $821,649 |
| Average Home Value | $866,527 |
Housing Distribution
Address Breakdown
Residential
28,128
Single Family
6,953
Multi-Family
21,175
Businesses
1,569
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