518 51st Ave #2Long 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 518 51st Ave #2, Long Island City, NY, 11101 earns $2,514/mo cash flow from $11,942/mo rent with a $6,118/mo payment. Total monthly income totals $11,942/mo, and annual cash flow totals $30,166/yr on $405,000 capital. ROI tracks 27.82% on current figures, and rental yield reads 11.46% at a $1,250,000 purchase. Equity gained on principal adds $8,066/yr, and 5% annual appreciation supports $345,352 over five years. Five-year ROI reaches 146.97% and total cumulative return in cash sums $595,237. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $11,942/mo property income instead of your personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$1,081 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: Christina DeCurtis - Licensed Associate Real Estate Broker • Modern Spaces
Mls Name: StreetEasy
Mls ID: #1726872