6617 Clinton AveFlushingNY11378
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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 6617 Clinton Ave, Flushing, NY, 11378 generates $2,750/mo in rent, after a $8,507/mo payment. Total monthly income is $2,750/mo. Return on cash invested sits at 1.5% in year one, and rental yield is 1.9% on a $1,738,000 entry. Equity gained on principal adds $11,215/yr, while 5% annual appreciation builds toward $480,177 over five years. Five-year ROI reaches 4.66% and total cumulative return in cash sums $26,266. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,750/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
N/A 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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