4318 Greenpoint AveLong Island CityNY11104
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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
Rental property for sale in Long Island City at 4318 Greenpoint Ave, Long Island City, NY, 11104 priced at $1,988,800 pairs $6,206/mo rent with after a $9,734/mo payment. Total monthly income equals $6,206/mo. Return on cash invested is 7.19% in year one, and rental yield stands at 3.74% on a $1,988,800 basis. Equity gained on principal adds $12,833/yr, and 5% annual appreciation accumulates to $549,469 by year five. Five-year ROI measures 35.22% and total cumulative return in cash reaches $226,963. For financing, Ziffy Mortgage’s DSCR program evaluates $6,206/mo property income against a $9,734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
N/A lot
$N/A/sqft
No 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
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Listed by: John Keane • RE MAX Team
Mls Name: StreetEasy
Mls ID: #S1736836