474 48th Ave APT 35DLong Island CityNY11109
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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 474 48th Ave APT 35D, Long Island City, NY, 11109 earns $898/mo cash flow from $10,030/mo rent with a $4,245/mo payment. Total monthly income totals $10,030/mo, and annual cash flow totals $10,780/yr on $285,342 capital. ROI tracks 23.84% on current figures, and rental yield reads 13.88% at a $867,300 purchase. Equity gained on principal adds $5,597/yr, and 5% annual appreciation supports $239,619 over five years. Five-year ROI reaches 129.62% and total cumulative return in cash sums $369,857. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $10,030/mo property income instead of your personal income.
Apartment
Built in 1996
N/A lot
$N/A/sqft
$3,340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11109, Long Island City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,192 (100%) |
| Owner Occupied HU | 436 (10.4%) |
| Renter Occupied HU | 3,411 (81.4%) |
| Vacant Housing Units | 345 ( 8.2%) |
| Median Home Value | $1,060,606 |
| Average Home Value | $1,117,122 |
Housing Distribution
Address Breakdown
Residential
4,308
Single Family
0
Multi-Family
4,308
Businesses
23
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Listed by: Mary Torres - Licensed Real Estate Salesperson • Modern Spaces
Mls Name: StreetEasy
Mls ID: #1711474