41-38 College Point Boulevard #4A, Flushing, NY, 11355 | $47/mo Cash Flow

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41-38 College Point Boulevard #4A, Flushing, NY, 11355 | $47/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 Flushing at 41-38 College Point Boulevard #4A, Flushing, NY, 11355 offers a 8.12% rental yield on a $549,999 purchase with $3,720/mo rent. Total monthly income registers $3,720/mo, and a $2,692/mo payment leaves $47/mo available for distribution. Annual cash flow reaches $566/yr on $180,950 to close, and return on cash invested stands at 20.37% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 105.96% and total cumulative return in cash at $191,733. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,720/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2014

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Unit 4A at 4138 College Point Blvd a modern and sun-filled condo located in the heart of vibrant Downtown Flushing. This spacious 2-bedroom, 2-bathroom residence features an open-concept layout, oversized windows, and a private balcony with skyline views. The sleek kitchen is equipped with stainless steel appliances and granite countertops, perfect for everyday living and entertaining. The primary suite offers ample closet space and a full en-suite bath. Enjoy the convenience of elevator access and low monthly common charges. Ideally situated near Main Street, supermarkets, restaurants, parks, and major transportation options ,including the 7 train and LIRR. A perfect opportunity for end-users or investors alike!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11355, Flushing, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,864 (100%)
Owner Occupied HU	9,376 (28.5%)
Renter Occupied HU	21,576 (65.7%)
Vacant Housing Units	1,912 ( 5.8%)
Median Home Value	$821,649
Average Home Value	$866,527