39-60 54th Street #2 CFlushingNY11377
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow39-60 54th Street #2 C, Flushing, NY, 11377 in Flushing earns its strong cash-flow label: 10.27% yield, $2,910/mo rent, $640/mo net income, DSCR 1.90. The $339,999 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $93,935 by year five. Combined with $3,131/yr in principal paydown, total projected return reaches $170,795.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.5% |
| Monthly Cash Flow | $640 | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,910 |
| Total Monthly Debt Service | $2,135 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
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
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices