27-09 40th Ave #4JLong 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 27-09 40th Ave #4J, Long Island City, NY, 11101 uses $317,485 cash to close to unlock $1,897/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $7,230/mo, and a $4,723/mo payment keeps the spread at $158/mo. Purchase price stands at $965,000, and rental yield measures 8.99% with $7,230/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $266,612 over five years. Five-year ROI reaches 108.34% and total cumulative return in cash records $343,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,230/mo property income covering a $4,723/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$628 monthly 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: Patrick W. Smith - Licensed Associate Real Estate Broker • Corcoran
Mls Name: StreetEasy
Mls ID: #1717977