27-20 42nd Rd #3ELong Island CityNY11101
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 27-20 42nd Rd #3E, Long Island City, NY, 11101 uses $269,780 cash to close to unlock $5,408/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $6,341/mo, and a $4,013/mo payment keeps the spread at $451/mo. Purchase price stands at $820,000, and rental yield measures 9.28% with $6,341/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 115.68% and total cumulative return in cash records $312,083. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,341/mo property income covering a $4,013/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$415 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yu Yue - Licensed Real Estate Salesperson • Acre NY Realty Inc
Mls Name: StreetEasy
Mls ID: #1717553