2540 38th St #4ALong Island CityNY11103
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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 2540 38th St #4A, Long Island City, NY, 11103 generates $3,503/mo in rent, after a $3,402/mo payment. Total monthly income is $3,503/mo. Return on cash invested sits at 10.54% in year one, and rental yield is 6.05% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 54.52% and total cumulative return in cash sums $124,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,503/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
$675 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11103, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,550 (100%) |
| Owner Occupied HU | 2,418 (13.0%) |
| Renter Occupied HU | 15,022 (81.0%) |
| Vacant Housing Units | 1,110 ( 6.0%) |
| Median Home Value | $1,059,461 |
| Average Home Value | $1,156,904 |
Housing Distribution
Address Breakdown
Residential
15,158
Single Family
3,818
Multi-Family
11,340
Businesses
1,500
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Listed by: Wayne Zhu • KE Realty International
Mls Name: StreetEasy
Mls ID: #S1716892