28-09 39th Avenue #2CLong 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
Rental property for sale in Long Island City at 28-09 39th Avenue #2C, Long Island City, NY, 11101 generates $4,189/mo in rent, after a $3,120/mo payment. Total monthly income is $4,189/mo. Return on cash invested sits at 17.45% in year one, and rental yield is 7.89% on a $637,400 entry. Equity gained on principal adds $4,113/yr, while 5% annual appreciation builds toward $176,102 over five years. Five-year ROI reaches 91.07% and total cumulative return in cash sums $190,974. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,189/mo property income rather than buyer’s personal income.
Condo
Built in 2023
4,984 sqft lot
$N/A/sqft
$389 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: Hsin Yuan Yang • E Realty International Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3588884
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.