519 Borden Ave APT 7ALong 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
Rental property for sale in Long Island City at 519 Borden Ave APT 7A, Long Island City, NY, 11101 offers $6,586/mo rent that, after a $7,660/mo payment. Total monthly income is $6,586/mo. Return on cash invested measures 11.22% in year one, and rental yield stands at 5.05% at a $1,565,000 entry. Equity gained on principal adds $10,099/yr while 5% annual appreciation compounds into $432,381 by year five. Five-year ROI records 56.83% and total cumulative return in cash reaches $288,163. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,586/mo property income versus a $7,660/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2010
N/A lot
$N/A/sqft
No 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: N/A • N/A
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