4-74 48th Ave UNIT 29E, Long Island City, NY, 11109 | $839/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Long Island City at 4-74 48th Ave UNIT 29E, Long Island City, NY, 11109 offers a 13.81% rental yield on a $594,999 purchase with $6,845/mo rent. Total monthly income registers $6,845/mo, and a $2,912/mo payment leaves $839/mo available for distribution. Annual cash flow reaches $10,067/yr on $195,755 to close, and return on cash invested stands at 25.2% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,387 over five years. Portfolio math shows five-year ROI at 136.36% and total cumulative return in cash at $266,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,845/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Apartment

Built in 1996

N/A lot

$N/A/sqft

$2,033 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