147-31 38th Ave #C48FlushingNY11354
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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 147-31 38th Ave #C48, Flushing, NY, 11354 uses $108,732 cash to close to unlock $6,841/yr annual cash flow and $570/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,605/mo payment keeps the spread at $570/mo. Purchase price stands at $328,000, and rental yield measures 10.1% with $2,760/mo rent. Return on cash invested shows 26.2% in year one, and 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 137.26% and total cumulative return in cash records $149,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,605/mo payment rather than investor’s personal income.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
22,149
Single Family
4,757
Multi-Family
17,392
Businesses
3,549
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