38-08 147th St #2F, Whitestone, NY, 11357 | 5.2% Rental Yield

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38-08 147th St #2F, Whitestone, NY, 11357 | 5.2% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Whitestone at 38-08 147th St #2F, Whitestone, NY, 11357 offers a 5.2% rental yield on a $699,000 purchase with $3,030/mo rent. 65% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 39.14% and total cumulative return in cash at $90,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,030/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1984

N/A lot

$N/A/sqft

$740 monthly HOA

More details about the property

Bright & Spacious 2BR/2BA Condo with Large Balcony in Prime Flushing Location! Welcome to Unit 2F at 38-08 147th Street - a sun-drenched, well-maintained 2-bedroom, 2-bathroom condo perfectly situated on the 5th floor of a modern elevator building. This inviting home offers a smart and functional layout, featuring two full bathrooms, generously sized bedrooms, and a bright living/dining area. Step out onto your large private balcony - perfect for enjoying morning coffee or evening relaxation. Other highlights include hardwood floors, oversized windows, and a well-appointed kitchen with ample cabinet space. Located just steps from Main Street, public transportation, supermarkets, and some of the best restaurants in Flushing. Low common charges and taxes make this property ideal for both end-users and investors. Don't miss this fantastic opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,187 (100%)
Owner Occupied HU	10,869 (67.1%)
Renter Occupied HU	4,406 (27.2%)
Vacant Housing Units	912 ( 5.6%)
Median Home Value	$933,533
Average Home Value	$975,786