1625 Summerfield St, Flushing, NY, 11385 | 3.76% Rental Yield

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1625 Summerfield St, Flushing, NY, 11385 | 3.76% Rental Yield | Ziffy

Recently Sold

Ziffy Mortgage

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 1625 Summerfield St, Flushing, NY, 11385 offers a 3.76% rental yield on a $1,227,000 purchase with $3,847/mo rent. 25% in year one. Equity gained on principal adds $7,918/yr while 5% annual appreciation supports $338,997 over five years. Portfolio math shows five-year ROI at 35.5% and total cumulative return in cash at $141,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,847/mo property income against a $6,006/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Solid brick 2-family home in Ridgewood with excellent income potential. The first floor offers an open kitchen and living area, full bathroom, and three bedrooms in a classic railroad-style layout. The second floor features four box bedrooms, a living room, full bathroom, and kitchen. This property also features a full finished basement with a full bath and a lovely backyardperfect for outdoor relaxation or entertaining. Updates include nicely renovated kitchens and baths, exposed brick accents, and a boiler thats only 7 years old. Close to all, including trendy Wyckoff Avenue with its many coffee shops, restaurants, breweries, and shops. Conveniently located just one block to the L subway station and close to B20 & B26 bus lines. Can be delivered vacantan ideal opportunity for both investors and end users looking for space, updates, and location in one of Queens most vibrant neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	39,077 (100%)
Owner Occupied HU	10,033 (25.7%)
Renter Occupied HU	26,467 (67.7%)
Vacant Housing Units	2,577 ( 6.6%)
Median Home Value	$895,061
Average Home Value	$939,291