4508 40th St APT E31Long 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 4508 40th St APT E31, Long Island City, NY, 11104 generates $3,665/mo in rent, after a $2,937/mo payment. Total monthly income is $3,665/mo. Return on cash invested sits at 12.22% in year one, and rental yield is 7.33% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 64.29% and total cumulative return in cash sums $126,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,665/mo property income rather than buyer’s personal income.
Condo
Built in 1922
N/A lot
$N/A/sqft
$948 monthly 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 White-Small • Compass
Mls Name: StreetEasy
Mls ID: #S1756447