3943 24th StLong Island CityNY11101
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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
Rental property for sale in Long Island City at 3943 24th St, Long Island City, NY, 11101 priced at $1,950,000 pairs $14,334/mo rent with $1,313/mo cash flow after a $9,544/mo payment. Total monthly income equals $14,334/mo, and annual cash flow comes to $15,750/yr on $631,800 invested. Return on cash invested is 22.86% in year one, and rental yield stands at 8.82% on a $1,950,000 basis. Equity gained on principal adds $12,583/yr, and 5% annual appreciation accumulates to $538,749 by year five. Five-year ROI measures 119.24% and total cumulative return in cash reaches $753,353. For financing, Ziffy Mortgage’s DSCR program evaluates $14,334/mo property income against a $9,544/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11101, Long Island City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,671 (100%) |
| Owner Occupied HU | 2,801 ( 9.4%) |
| Renter Occupied HU | 23,413 (78.9%) |
| Vacant Housing Units | 3,457 (11.7%) |
| Median Home Value | $1,141,450 |
| Average Home Value | $1,179,647 |
Housing Distribution
Address Breakdown
Residential
30,207
Single Family
1,107
Multi-Family
29,100
Businesses
3,935
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Listed by: Sebastian Lopera - Licensed Real Estate Salesperson • Corcoran
Mls Name: StreetEasy
Mls ID: #1703668