479 Woodward Ave, Flushing, NY, 11385 | 4.17% Rental Yield

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479 Woodward Ave, Flushing, NY, 11385 | 4.17% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flushing at 479 Woodward Ave, Flushing, NY, 11385 at $1,260,000 posts ROI 8.51% with from $4,379/mo rent. Total monthly income equals $4,379/mo. Return on cash invested measures 8.51% and rental yield reads 4.17% at the current $1,260,000. Equity gained on principal adds $8,131/yr, and 5% annual appreciation supports $348,115 by year five. Five-year ROI prints 42.26% and total cumulative return in cash totals $172,533. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,379/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Multi Family

Built in 1915

N/A lot

$N/A/sqft

No HOA

More details about the property

This well-located 4-unit multifamily property offers a steady income with significant value-add potential. The building consists of four spacious units, with one unit currently vacantideal for owner-occupancy or for renovating to increase to market rent. The remaining three units are occupied on month-to-month leases, providing flexibility for rent adjustments or future renovations. This setup presents a clear path to reposition the asset and enhance overall cash flow. Whether youre looking to renovate and raise rents or hold for long-term appreciation, this property offers strong fundamentals and built-in upside. The property is located within walking distance from the L and M subway lines.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	39,077 (100%)
Owner Occupied HU	10,033 (25.7%)
Renter Occupied HU	26,467 (67.7%)
Vacant Housing Units	2,577 ( 6.6%)
Median Home Value	$895,061
Average Home Value	$939,291