140-19 68th DriveFlushingNY11367
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
Investment Highlights
Investment property for sale in Flushing at 140-19 68th Drive, Flushing, NY, 11367 listed at $809,000 pairs $6,106/mo rent with a $3,960/mo payment to leave $703/mo cash flow. Total monthly income runs $6,106/mo, and annual cash flow reaches $8,439/yr on $266,161 cash to close. Return on cash invested measures 23.23% in year one, and rental yield registers 9.06% at a $809,000 basis. Equity gained on principal adds $5,220/yr, and annual property appreciation at 5% supports $223,512 by year five. Five-year ROI tracks 121.28% and total cumulative return in cash totals $322,801. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,106/mo property income relative to a $3,960/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11367, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,834 (100%) |
| Owner Occupied HU | 7,105 (42.2%) |
| Renter Occupied HU | 8,819 (52.4%) |
| Vacant Housing Units | 910 ( 5.4%) |
| Median Home Value | $786,829 |
| Average Home Value | $751,460 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
7,643
Multi-Family
7,078
Businesses
461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mordechai Striks • Astor Brokerage Ltd
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3570662
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.