








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Flushing at 40th Rd UNIT 3N, Flushing, NY, 11354 priced at $617,000 converts $2,760/mo rent into after a $3,020/mo obligation. Total monthly income equals $2,760/mo. Return on cash invested prints 9.53% in year one, and rental yield reads 5.37% against a $617,000 entry. Equity gained on principal adds $3,981/yr, while 5% annual appreciation compiles into $170,466 by year five. Five-year ROI reaches 48.7% and total cumulative return in cash sums $98,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $3,020/mo payment, not borrower’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$421 monthly HOA
Neighborhood data shown for ZIP Code: 11354, Flushing, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,769 (100%) |
| Owner Occupied HU | 9,061 (33.8%) |
| Renter Occupied HU | 15,875 (59.3%) |
| Vacant Housing Units | 1,833 ( 6.8%) |
| Median Home Value | $693,225 |
| Average Home Value | $755,105 |
Residential
22,149
Single Family
4,757
Multi-Family
17,392
Businesses
3,549
Date | Event | Price |
|---|---|---|
| 2024-10-29 | Listed for sale | $617,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Hsin Yuan Yang • E Realty International Corp
Mls Name: StreetEasy
Mls ID: #S1728852