6538 Booth St APT 3HFlushingNY11374
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 6538 Booth St APT 3H, Flushing, NY, 11374 in Flushing: $2,920/mo in rent, $770/mo net, 17.1% gross yield, all on a $204,888 acquisition. The 3.17 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $56,607 in value, and $1,887/yr in principal paydown steadily builds equity. Projected total cumulative return: $131,156.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.1% | 4.5% |
| Monthly Cash Flow | $770 | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,920 |
| Total Monthly Debt Service | $2,068 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1939
N/A lot
$N/A/sqft
$781 monthly 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
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
Condo
Built in 1939
N/A lot
$N/A/sqft
$781 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices