5-49 Borden Ave #5ELong Island CityNY11101
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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 5-49 Borden Ave #5E, Long Island City, NY, 11101 uses $380,700 cash to close to unlock $19,603/yr annual cash flow and $1,634/mo monthly cash flow. Total monthly income runs $10,368/mo, and a $5,751/mo payment keeps the spread at $1,634/mo. Purchase price stands at $1,175,000, and rental yield measures 10.59% with $10,368/mo rent. Return on cash invested shows 25.52% in year one, and 5% annual appreciation builds toward $324,631 over five years. Five-year ROI reaches 134.5% and total cumulative return in cash records $512,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,368/mo property income covering a $5,751/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$888 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11101, Long Island City, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,671 (100%) |
| Owner Occupied HU | 2,801 ( 9.4%) |
| Renter Occupied HU | 23,413 (78.9%) |
| Vacant Housing Units | 3,457 (11.7%) |
| Median Home Value | $1,141,450 |
| Average Home Value | $1,179,647 |
Housing Distribution
Address Breakdown
Residential
30,207
Single Family
1,107
Multi-Family
29,100
Businesses
3,935
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Listed by: Jessica Meis - Licensed Real Estate Salesperson • Compass
Mls Name: StreetEasy
Mls ID: #1732119