3128 47th StLong Island CityNY11103
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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 3128 47th St, Long Island City, NY, 11103 earns from $6,116/mo rent with a $9,716/mo payment. Total monthly income totals $6,116/mo. ROI tracks 7.05% on current figures, and rental yield reads 3.7% at a $1,985,000 purchase. Equity gained on principal adds $12,809/yr, and 5% annual appreciation supports $548,419 over five years. Five-year ROI reaches 34.44% and total cumulative return in cash sums $221,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,116/mo property income instead of your personal income.
Multi Family
Built in 1988
N/A 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
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Listed by: George Halvatzis • Halvatzis Realty
Mls Name: StreetEasy
Mls ID: #S1730447