25-40 31st Avenue #2LLong Island CityNY11106
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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
Total monthly income runs $3,610/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 6.67% with $3,610/mo rent. Return on cash invested shows 15.99% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 82.43% and total cumulative return in cash records $176,016. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,610/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11106, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,170 (100%) |
| Owner Occupied HU | 3,323 (16.5%) |
| Renter Occupied HU | 15,910 (78.9%) |
| Vacant Housing Units | 937 ( 4.6%) |
| Median Home Value | $769,724 |
| Average Home Value | $891,110 |
Housing Distribution
Address Breakdown
Residential
19,020
Single Family
2,476
Multi-Family
16,544
Businesses
1,233
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Listed by: Jennifer Kolanovic • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #947522