42-40 Bowne St #1EFlushingNY11355
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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 42-40 Bowne St #1E, Flushing, NY, 11355 earns $96/mo cash flow from $2,426/mo rent with a $1,708/mo payment. Total monthly income totals $2,426/mo, and annual cash flow totals $1,147/yr on $115,694 capital. ROI tracks 20.9% on current figures, and rental yield reads 8.34% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 108.81% and total cumulative return in cash sums $125,892. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Condo
Built in 1956
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,128
Single Family
6,953
Multi-Family
21,175
Businesses
1,569
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