44-48 64th StreetFlushingNY11377
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 44-48 64th Street, Flushing, NY, 11377 in Flushing the bet is firmly on appreciation. Rental yield 3.14%. The 3.14% gross yield on a $1,385,800 price is below income-first thresholds, but 5%/yr value growth projects $382,871 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.58) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $166,545.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 4.5% |
| Monthly Cash Flow | $(5,624) | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,630 |
| Total Monthly Debt Service | $8,703 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1925
2,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
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
Multi Family
Built in 1925
2,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11377, Woodside, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,081 (100%) |
| Owner Occupied HU | 9,728 (27.0%) |
| Renter Occupied HU | 23,990 (66.5%) |
| Vacant Housing Units | 2,363 ( 6.5%) |
| Median Home Value | $795,294 |
| Average Home Value | $813,384 |
Housing Distribution
Address Breakdown
Residential
27,245
Single Family
7,272
Multi-Family
19,973
Businesses
1,984
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yanan Eill • E Realty International Corp
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #859207
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 OneKey MLS. All rights reserved.