5923 69th Ln, Flushing, NY, 11378 | 3.03% Rental Yield

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5923 69th Ln, Flushing, NY, 11378 | 3.03% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Flushing at 5923 69th Ln, Flushing, NY, 11378 generates $3,096/mo in rent, after a $6,010/mo payment. Total monthly income is $3,096/mo. Return on cash invested sits at 4.98% in year one, and rental yield is 3.03% on a $1,228,000 entry. Equity gained on principal adds $7,924/yr, while 5% annual appreciation builds toward $339,274 over five years. Five-year ROI reaches 23.33% and total cumulative return in cash sums $92,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,096/mo property income rather than buyer’s personal income.

Multi Family

Built in 1930

N/A lot

$N/A/sqft

No HOA

More details about the property

Prime location. Located along the Maspeth, Middle Village border, close to everything both neighborhoods have to offer. Only several blocks from beautiful Juniper Valley park and all shops on Eliot Ave and Grand Avenue. This Solid semi- detached two family brick home is situated on a 21 x 100 lot. Each apartment is approximately 1000 ft.², with two bedrooms and one bathroom. First floor is fully renovated with a modern eat in-kitchen with granite countertops and stainless steel appliances, spacious living/dining area and two spacious bedrooms. Second floor has an eat in kitchen, dining room, living room, and two spacious bedrooms. There is also a partially finished basement. Boiler is approximately 2-3 years old , water heater is several months old, and roof approximately 3 yrs old. Shared driveway leads to large two car garage and private outside area. Close to Q38, Q67, QM 24, QM25, and QM34 bus routes. Close to M train. PROPERTY WILL BE DELIVERED VACANT.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11378, Maspeth, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,641 (100%)
Owner Occupied HU	6,295 (43.0%)
Renter Occupied HU	7,386 (50.4%)
Vacant Housing Units	960 ( 6.6%)
Median Home Value	$868,742
Average Home Value	$899,708