152-18 Union Tpke #1P, Flushing, NY, 11367 | $198/mo Cash Flow

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152-18 Union Tpke #1P, Flushing, NY, 11367 | $198/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flushing at 152-18 Union Tpke #1P, Flushing, NY, 11367 uses $125,970 cash to close to unlock $2,380/yr annual cash flow and $198/mo monthly cash flow. Total monthly income runs $3,106/mo, and a $1,860/mo payment keeps the spread at $198/mo. Purchase price stands at $380,000, and rental yield measures 9.81% with $3,106/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 114.91% and total cumulative return in cash records $144,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,106/mo property income covering a $1,860/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

$370 monthly HOA

More details about the property

Rare first-floor level studio with a private enclosed yard leading to gated beautifully landscaped promenade and resort-style POOL at the highly sought after Village Mall at Hillcrest Condos. Renovated open kitchen with cherry cabinets, stone counters, and stainless steel appliances. Updated bathroom. This complex is a full-service doorman building with a picnic/BBQ area, gym, club room, and children's playground. Laundry room on every floor. Live in or use as an investment. The complex is conveniently located with access to all major and local highways, it is within 15 minutes of both JFK and LaGuardia. The express bus to Manhattan is located just across the street, with access to the E/F train as well. Situated a few blocks from St Johns University, Flushing Meadow Corona Park.

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