42-40 Bowne St APT 3FQueensNY11355
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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 Queens at 42-40 Bowne St APT 3F, Queens, NY, 11355 offers a 20.71% rental yield on a $238,800 purchase with $4,121/mo rent. Total monthly income registers $4,121/mo, and a $1,169/mo payment leaves $1,845/mo available for distribution. Annual cash flow reaches $22,142/yr on $79,162 to close, and return on cash invested stands at 47.88% in year one. Equity gained on principal adds $1,541/yr while 5% annual appreciation supports $65,976 over five years. Portfolio math shows five-year ROI at 257.27% and total cumulative return in cash at $203,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,121/mo property income against a $1,169/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1956
N/A lot
$N/A/sqft
$681 monthly 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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