6615 Thornton Pl APT 6SFlushingNY11374
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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 6615 Thornton Pl APT 6S, Flushing, NY, 11374 generates $2,492/mo in rent, after a $1,757/mo payment. Total monthly income is $2,492/mo. Return on cash invested sits at 15.26% in year one, and rental yield is 8.33% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 80.57% and total cumulative return in cash sums $95,887. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,492/mo property income rather than buyer’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$556 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
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