4-74 48th Avenue #35ELong 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 Avenue #35E, Long Island City, NY, 11109 offers a 10.42% rental yield on a $595,000 purchase with $5,167/mo rent. Total monthly income registers $5,167/mo, and a $2,912/mo payment leaves $1,194/mo available for distribution. Annual cash flow reaches $14,327/yr on $195,755 to close, and return on cash invested stands at 27.38% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 143.51% and total cumulative return in cash at $280,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,167/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Hsin Yuan Yang • E Realty International Corp
Mls Name: OneKey MLS
Mls ID: #949650