4821 40th St APT 2CLong 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 4821 40th St APT 2C, Long Island City, NY, 11104 listed at $318,000 pairs $2,221/mo rent with a $1,556/mo payment to leave $98/mo cash flow. Total monthly income runs $2,221/mo, and annual cash flow reaches $1,175/yr on $105,417 cash to close. Return on cash invested measures 21.02% in year one, and rental yield registers 8.38% at a $318,000 basis. Equity gained on principal adds $2,052/yr, and annual property appreciation at 5% supports $87,858 by year five. Five-year ROI tracks 109.45% and total cumulative return in cash totals $115,379. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,221/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1955
N/A lot
$N/A/sqft
No 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 Keane • RE MAX Team
Mls Name: StreetEasy
Mls ID: #S1787417