2218 Jackson Ave APT 313Long Island CityNY11101
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
Investment Highlights
Total monthly income runs $13,236/mo, and a $9,784/mo payment. Purchase price stands at $1,999,000, and rental yield measures 7.95% with $13,236/mo rent. Return on cash invested shows 16.9% in year one, and 5% annual appreciation builds toward $552,287 over five years. Five-year ROI reaches 88.43% and total cumulative return in cash records $572,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $13,236/mo property income covering a $9,784/mo payment rather than investor’s personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$1,762 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julia Johnston - Licensed Real Estate Salesperson • Home by Choice LLC
Mls Name: StreetEasy
Mls ID: #1720090