2411 37th AveLong 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
Investment property for sale in Long Island City at 2411 37th Ave, Long Island City, NY, 11101 offers a 9.82% rental yield on a $983,250 purchase with $8,046/mo rent. Total monthly income registers $8,046/mo, and a $4,813/mo payment leaves $1,480/mo available for distribution. Annual cash flow reaches $17,754/yr on $323,489 to close, and return on cash invested stands at 25.55% in year one. Equity gained on principal adds $6,345/yr while 5% annual appreciation supports $271,654 over five years. Portfolio math shows five-year ROI at 133.7% and total cumulative return in cash at $432,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,046/mo property income against a $4,813/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
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: Todd Yovino • Island Advantage Realty
Mls Name: StreetEasy
Mls ID: #S1800074