1438 28th AveLong Island CityNY11102
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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 Long Island City at 1438 28th Ave, Long Island City, NY, 11102 earns from $7,572/mo rent with a $9,779/mo payment. Total monthly income totals $7,572/mo. ROI tracks 9.67% on current figures, and rental yield reads 4.55% at a $1,998,000 purchase. Equity gained on principal adds $12,893/yr, and 5% annual appreciation supports $552,011 over five years. Five-year ROI reaches 48.51% and total cumulative return in cash sums $314,019. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,572/mo property income instead of your personal income.
Multi Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11102, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,240 (100%) |
| Owner Occupied HU | 2,220 (12.2%) |
| Renter Occupied HU | 14,744 (80.8%) |
| Vacant Housing Units | 1,276 ( 7.0%) |
| Median Home Value | $915,878 |
| Average Home Value | $983,519 |
Housing Distribution
Address Breakdown
Residential
16,218
Single Family
2,303
Multi-Family
13,915
Businesses
876
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Listed by: Joseph Vaccaro - Licensed Real Estate Salesperson • Amorelli Realty
Mls Name: StreetEasy
Mls ID: #1724373