2601 4th StLong Island CityNY11102
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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 2601 4th St, Long Island City, NY, 11102 priced at $1,237,080 converts $5,264/mo rent into after a $6,055/mo obligation. Total monthly income equals $5,264/mo. Return on cash invested prints 11.4% in year one, and rental yield reads 5.11% against a $1,237,080 entry. Equity gained on principal adds $7,983/yr, while 5% annual appreciation compiles into $341,782 by year five. Five-year ROI reaches 57.75% and total cumulative return in cash sums $231,469. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,264/mo property income covering a $6,055/mo payment, not borrower’s personal income.
Apartment
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11102, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,240 (100%) |
| Owner Occupied HU | 2,220 (12.2%) |
| Renter Occupied HU | 14,744 (80.8%) |
| Vacant Housing Units | 1,276 ( 7.0%) |
| Median Home Value | $915,878 |
| Average Home Value | $983,519 |
Housing Distribution
Address Breakdown
Residential
16,218
Single Family
2,303
Multi-Family
13,915
Businesses
876
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Listed by: Jean Paul Ho - Licensed Real Estate Broker • Brooklyn Real Property Inc
Mls Name: StreetEasy
Mls ID: #1705648