4016 23rd AveLong Island CityNY11105
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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 4016 23rd Ave, Long Island City, NY, 11105 earns from $6,185/mo rent with a $9,765/mo payment. Total monthly income totals $6,185/mo. ROI tracks 7.12% on current figures, and rental yield reads 3.72% at a $1,995,000 purchase. Equity gained on principal adds $12,873/yr, and 5% annual appreciation supports $551,182 over five years. Five-year ROI reaches 34.81% and total cumulative return in cash sums $225,021. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,185/mo property income instead of your personal income.
Multi Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11105, Astoria, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,106 (100%) |
| Owner Occupied HU | 3,992 (22.0%) |
| Renter Occupied HU | 12,940 (71.5%) |
| Vacant Housing Units | 1,174 ( 6.5%) |
| Median Home Value | $1,119,252 |
| Average Home Value | $1,143,281 |
Housing Distribution
Address Breakdown
Residential
12,912
Single Family
5,303
Multi-Family
7,609
Businesses
1,100
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Listed by: Vasilakis Pyrpos • Astoria Realty
Mls Name: StreetEasy
Mls ID: #S1778359