4-74 48th Ave #4BQueensNY11109
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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 Queens at 4-74 48th Ave #4B, Queens, NY, 11109 priced at $495,000 converts $5,302/mo rent into $832/mo cash flow after a $2,423/mo obligation. Total monthly income equals $5,302/mo, and annual cash flow totals $9,987/yr on $164,093 invested. Return on cash invested prints 26% in year one, and rental yield reads 12.85% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 139.22% and total cumulative return in cash sums $228,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,302/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$1,164 monthly 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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