520 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 520 51st Ave #2, Long Island City, NY, 11101 with 5% annual appreciation on a $1,250,000 basis while $13,038/mo rent supports operations. Total monthly income totals $13,038/mo and a $6,118/mo payment preserves $3,610/mo for cash returns. Annual cash flow comes to $43,318/yr on $405,000 deployed, and return on cash invested reaches 31.07% in year one. Equity gained on principal adds $8,066/yr, and five-year appreciation sums $345,352 alongside rental yield of 12.52%. Five-year ROI measures 164.38% and total cumulative return in cash totals $665,749.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $13,038/mo property income versus a $6,118/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2023
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: #1730010