2549 42nd StreetLong Island CityNY11103
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
Investment property for sale in Long Island City at 2549 42nd Street, Long Island City, NY, 11103 offers a 2.34% rental yield on a $1,785,000 purchase with $3,480/mo rent. 86% in year one. Equity gained on principal adds $11,518/yr while 5% annual appreciation supports $493,163 over five years. Portfolio math shows five-year ROI at 11.96% and total cumulative return in cash at $69,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $8,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
2,304 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Migena Cuko • RE/MAX Elite
Mls Name: OneKey MLS
Mls ID: #876426