4142 42nd St APT 4LLong Island CityNY11104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4142 42nd St APT 4L, Long Island City, NY, 11104 offers a 8.92% rental yield on a $413,000 purchase with $3,071/mo rent. 45% in year one. Equity gained on principal adds $2,665/yr while 5% annual appreciation supports $114,104 over five years. Portfolio math shows five-year ROI at 77.21% and total cumulative return in cash at $105,701. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,071/mo property income against a $2,021/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1931
N/A lot
$N/A/sqft
$936 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11104, Sunnyside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,534 (100%) |
| Owner Occupied HU | 1,974 (15.7%) |
| Renter Occupied HU | 9,861 (78.7%) |
| Vacant Housing Units | 699 ( 5.6%) |
| Median Home Value | $807,059 |
| Average Home Value | $899,039 |
Housing Distribution
Address Breakdown
Residential
11,954
Single Family
1,390
Multi-Family
10,564
Businesses
646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bonnie Milcarek • Prime Realty
Mls Name: StreetEasy
Mls ID: #S1776693