141-05 Cherry Avenue #3CFlushingNY11355
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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 141-05 Cherry Avenue #3C, Flushing, NY, 11355 offers a 7% rental yield on a $638,000 purchase with $3,720/mo rent. 97% in year one. Equity gained on principal adds $4,117/yr while 5% annual appreciation supports $176,268 over five years. Portfolio math shows five-year ROI at 87.7% and total cumulative return in cash at $184,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,720/mo property income against a $3,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
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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