38-25 Parsons Blvd APT 2OFlushingNY11354
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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 Flushing at 38-25 Parsons Blvd APT 2O, Flushing, NY, 11354 offers a 9.5% rental yield on a $445,700 purchase with $3,528/mo rent. Total monthly income registers $3,528/mo, and a $2,181/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,626/yr on $147,750 to close, and return on cash invested stands at 24.39% in year one. Equity gained on principal adds $2,876/yr while 5% annual appreciation supports $123,139 over five years. Portfolio math shows five-year ROI at 127.55% and total cumulative return in cash at $188,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,528/mo property income against a $2,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11354, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,769 (100%) |
| Owner Occupied HU | 9,061 (33.8%) |
| Renter Occupied HU | 15,875 (59.3%) |
| Vacant Housing Units | 1,833 ( 6.8%) |
| Median Home Value | $693,225 |
| Average Home Value | $755,105 |
Housing Distribution
Address Breakdown
Residential
22,149
Single Family
4,757
Multi-Family
17,392
Businesses
3,549
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