4-74 48th Ave #35LLong Island CityNY11109
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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 4-74 48th Ave #35L, Long Island City, NY, 11109 listed at $875,000 pairs $8,533/mo rent with a $4,283/mo payment to leave $2,690/mo cash flow. Total monthly income runs $8,533/mo, and annual cash flow reaches $32,275/yr on $287,875 cash to close. Return on cash invested measures 31.27% in year one, and rental yield registers 11.7% at a $875,000 basis. Equity gained on principal adds $5,646/yr, and annual property appreciation at 5% supports $241,746 by year five. Five-year ROI tracks 164.39% and total cumulative return in cash totals $473,243. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,533/mo property income relative to a $4,283/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11109, Long Island City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,192 (100%) |
| Owner Occupied HU | 436 (10.4%) |
| Renter Occupied HU | 3,411 (81.4%) |
| Vacant Housing Units | 345 ( 8.2%) |
| Median Home Value | $1,060,606 |
| Average Home Value | $1,117,122 |
Housing Distribution
Address Breakdown
Residential
4,308
Single Family
0
Multi-Family
4,308
Businesses
23
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Listed by: Mary Torres • Modern Spaces
Mls Name: StreetEasy
Mls ID: #S1794110