6538 Booth St APT 2FFlushingNY11374
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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 6538 Booth St APT 2F, Flushing, NY, 11374 priced at $278,000 converts $1,921/mo rent into $64/mo cash flow after a $1,361/mo obligation. Total monthly income equals $1,921/mo, and annual cash flow totals $771/yr on $92,157 invested. Return on cash invested prints 20.75% in year one, and rental yield reads 8.29% against a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation compiles into $76,806 by year five. Five-year ROI reaches 108% and total cumulative return in cash sums $99,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,921/mo property income covering a $1,361/mo payment, not borrower’s personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11374, Rego Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,654 (100%) |
| Owner Occupied HU | 8,261 (38.1%) |
| Renter Occupied HU | 11,774 (54.4%) |
| Vacant Housing Units | 1,619 ( 7.5%) |
| Median Home Value | $654,765 |
| Average Home Value | $704,293 |
Housing Distribution
Address Breakdown
Residential
20,478
Single Family
3,205
Multi-Family
17,273
Businesses
939
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