4601 39th Ave APT 303Long 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
Investment property for sale in Long Island City at 4601 39th Ave APT 303, Long Island City, NY, 11104 uses $181,444 cash to close to unlock $7,866/yr annual cash flow and $655/mo monthly cash flow. Total monthly income runs $5,340/mo, and a $2,699/mo payment keeps the spread at $655/mo. Purchase price stands at $551,500, and rental yield measures 11.62% with $5,340/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $152,369 over five years. Five-year ROI reaches 129.93% and total cumulative return in cash records $235,741. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,340/mo property income covering a $2,699/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
$1,002 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: Miriam Fardey • Welcome Home Real Estate
Mls Name: StreetEasy
Mls ID: #S1777340