41-29 248th StFlushingNY11363
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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 Flushing at 41-29 248th St, Flushing, NY, 11363 listed at $950,000 pairs $4,360/mo rent with a $4,650/mo payment. Total monthly income runs $4,360/mo. Return on cash invested measures 12.44% in year one, and rental yield registers 5.51% at a $950,000 basis. Equity gained on principal adds $6,130/yr, and annual property appreciation at 5% supports $262,467 by year five. Five-year ROI tracks 63.41% and total cumulative return in cash totals $198,194. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,360/mo property income relative to a $4,650/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11363, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,892 (64.5%) |
| Renter Occupied HU | 866 (29.5%) |
| Vacant Housing Units | 175 ( 6.0%) |
| Median Home Value | $1,074,519 |
| Average Home Value | $1,146,069 |
Housing Distribution
Address Breakdown
Residential
2,620
Single Family
2,155
Multi-Family
465
Businesses
186
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