62-33 60th DriveFlushingNY11378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 62-33 60th Drive, Flushing, NY, 11378 offers a 8.59% rental yield on a $988,888 purchase with $7,078/mo rent. Total monthly income registers $7,078/mo, and a $4,840/mo payment leaves $474/mo available for distribution. Annual cash flow reaches $5,694/yr on $325,344 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $6,381/yr while 5% annual appreciation supports $273,212 over five years. Portfolio math shows five-year ROI at 113.65% and total cumulative return in cash at $369,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,078/mo property income against a $4,840/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
2,000 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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Listed by: Adam W Krzesniak • Keller Williams Landmark II
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3562250
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