2362 24th StLong Island CityNY11105
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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
Investment property for sale in Long Island City at 2362 24th St, Long Island City, NY, 11105 earns from $6,154/mo rent with a $7,660/mo payment. Total monthly income totals $6,154/mo. ROI tracks 10.2% on current figures, and rental yield reads 4.72% at a $1,565,000 purchase. Equity gained on principal adds $10,099/yr, and 5% annual appreciation supports $432,381 over five years. Five-year ROI reaches 51.34% and total cumulative return in cash sums $260,347. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,154/mo property income instead of your personal income.
Multi Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11105, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,106 (100%) |
| Owner Occupied HU | 3,992 (22.0%) |
| Renter Occupied HU | 12,940 (71.5%) |
| Vacant Housing Units | 1,174 ( 6.5%) |
| Median Home Value | $1,119,252 |
| Average Home Value | $1,143,281 |
Housing Distribution
Address Breakdown
Residential
12,912
Single Family
5,303
Multi-Family
7,609
Businesses
1,100
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Listed by: N/A • Realty Executives Today
Mls Name: StreetEasy
Mls ID: #S1772370