2124 45th Ave APT 1Long Island CityNY11101
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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 Long Island City at 2124 45th Ave APT 1, Long Island City, NY, 11101 generates $8,794/mo in rent and, after a $6,363/mo payment, leaves $113/mo in cash flow. Total monthly income is $8,794/mo, and annual cash flow is $1,352/yr on $421,200 invested. Return on cash invested sits at 20.69% in year one, and rental yield is 8.12% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 107.59% and total cumulative return in cash sums $453,171. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11101, Long Island City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,671 (100%) |
| Owner Occupied HU | 2,801 ( 9.4%) |
| Renter Occupied HU | 23,413 (78.9%) |
| Vacant Housing Units | 3,457 (11.7%) |
| Median Home Value | $1,141,450 |
| Average Home Value | $1,179,647 |
Housing Distribution
Address Breakdown
Residential
30,207
Single Family
1,107
Multi-Family
29,100
Businesses
3,935
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Listed by: Alina Yukhtman • Golden One Realty Group LLC
Mls Name: StreetEasy
Mls ID: #S1734670