3409 29th StLong Island CityNY11106
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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 3409 29th St, Long Island City, NY, 11106 earns from $5,328/mo rent with a $4,669/mo payment. Total monthly income totals $5,328/mo. ROI tracks 16.08% on current figures, and rental yield reads 6.7% at a $954,000 purchase. Equity gained on principal adds $6,156/yr, and 5% annual appreciation supports $263,573 over five years. Five-year ROI reaches 82.89% and total cumulative return in cash sums $260,157. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,328/mo property income instead of your personal income.
Multi Family
Built in 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11106, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,170 (100%) |
| Owner Occupied HU | 3,323 (16.5%) |
| Renter Occupied HU | 15,910 (78.9%) |
| Vacant Housing Units | 937 ( 4.6%) |
| Median Home Value | $769,724 |
| Average Home Value | $891,110 |
Housing Distribution
Address Breakdown
Residential
19,020
Single Family
2,476
Multi-Family
16,544
Businesses
1,233
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Listed by: Steven Riddle • NYC Living Well Realty LLC
Mls Name: StreetEasy
Mls ID: #S1778189