43-24 Cornell LaneFlushingNY11363
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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
Total monthly income runs $3,976/mo, and a $5,927/mo payment. Purchase price stands at $1,210,850, and rental yield measures 3.94% with $3,976/mo rent. Return on cash invested shows 7.8% in year one, and 5% annual appreciation builds toward $334,536 over five years. Five-year ROI reaches 38.45% and total cumulative return in cash records $150,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,976/mo property income covering a $5,927/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
4,300 sqft 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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Listed by: Jennifer Fox • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3570111
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