6506 Grand Central Pkwy APT 1CFlushingNY11375
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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 Flushing at 6506 Grand Central Pkwy APT 1C, Flushing, NY, 11375 priced at $630,000 pairs $6,288/mo rent with $1,037/mo cash flow after a $3,084/mo payment. Total monthly income equals $6,288/mo, and annual cash flow comes to $12,438/yr on $207,270 invested. Return on cash invested is 26.06% in year one, and rental yield stands at 11.98% on a $630,000 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,057 by year five. Five-year ROI measures 138.65% and total cumulative return in cash reaches $287,374. For financing, Ziffy Mortgage’s DSCR program evaluates $6,288/mo property income against a $3,084/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,044 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11375, Forest Hills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,178 (100%) |
| Owner Occupied HU | 16,568 (47.1%) |
| Renter Occupied HU | 16,416 (46.7%) |
| Vacant Housing Units | 2,194 ( 6.2%) |
| Median Home Value | $816,287 |
| Average Home Value | $887,843 |
Housing Distribution
Address Breakdown
Residential
33,668
Single Family
6,622
Multi-Family
27,046
Businesses
1,853
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