16610 Powells Cove Blvd APT 2CFlushingNY11357
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow16610 Powells Cove Blvd APT 2C, Flushing, NY, 11357 in Flushing carries a 2.11 coverage ratio, rent of $3,792/mo is 2.11 times the $1,798/mo payment. Rental yield 11.38%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $399,800 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $110,457; total projected cumulative return: $120,532.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 4.5% |
| Monthly Cash Flow | $(614) | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,792 |
| Total Monthly Debt Service | $4,247 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1958
N/A lot
$N/A/sqft
$1,736 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 10,869 (67.1%) |
| Renter Occupied HU | 4,406 (27.2%) |
| Vacant Housing Units | 912 ( 5.6%) |
| Median Home Value | $933,533 |
| Average Home Value | $975,786 |
Housing Distribution
Address Breakdown
Residential
13,607
Single Family
11,455
Multi-Family
2,152
Businesses
845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1958
N/A lot
$N/A/sqft
$1,736 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,187 (100%) |
| Owner Occupied HU | 10,869 (67.1%) |
| Renter Occupied HU | 4,406 (27.2%) |
| Vacant Housing Units | 912 ( 5.6%) |
| Median Home Value | $933,533 |
| Average Home Value | $975,786 |
Housing Distribution
Address Breakdown
Residential
13,607
Single Family
11,455
Multi-Family
2,152
Businesses
845
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices