190-05 39th Ave UNIT 142FlushingNY11358
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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
Rental property for sale in Flushing at 190-05 39th Ave UNIT 142, Flushing, NY, 11358 generates $2,624/mo in rent and, after a $1,188/mo payment, leaves $130/mo in cash flow. Total monthly income is $2,624/mo, and annual cash flow is $1,560/yr on $80,488 invested. Return on cash invested sits at 21.85% in year one, and rental yield is 12.97% on a $242,800 entry. Equity gained on principal adds $1,567/yr, while 5% annual appreciation builds toward $67,081 over five years. Five-year ROI reaches 118.65% and total cumulative return in cash sums $95,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,624/mo property income rather than buyer’s personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
$873 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11358, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,822 (100%) |
| Owner Occupied HU | 7,286 (49.2%) |
| Renter Occupied HU | 6,714 (45.3%) |
| Vacant Housing Units | 822 ( 5.5%) |
| Median Home Value | $940,113 |
| Average Home Value | $1,005,218 |
Housing Distribution
Address Breakdown
Residential
12,216
Single Family
9,565
Multi-Family
2,651
Businesses
1,202
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Listed by: JingYun Chen • Sany Realty Group LLC
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3583961
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.