60-14 56th AveFlushingNY11378
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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 Flushing at 60-14 56th Ave, Flushing, NY, 11378 listed at $1,799,000 pairs $3,565/mo rent with a $8,805/mo payment. Total monthly income runs $3,565/mo. Return on cash invested measures 2.98% in year one, and rental yield registers 2.38% at a $1,799,000 basis. Equity gained on principal adds $11,609/yr, and annual property appreciation at 5% supports $497,031 by year five. Five-year ROI tracks 12.6% and total cumulative return in cash totals $73,449. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,565/mo property income relative to a $8,805/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1915
2,500 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,263
Single Family
7,618
Multi-Family
1,645
Businesses
1,312
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