6701 Eliot AvenueFlushingNY11379
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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
Investment property for sale in Flushing at 6701 Eliot Avenue, Flushing, NY, 11379 earns from $3,120/mo rent with a $4,650/mo payment. Total monthly income totals $3,120/mo. ROI tracks 7.68% on current figures, and rental yield reads 3.94% at a $950,000 purchase. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,467 over five years. Five-year ROI reaches 37.88% and total cumulative return in cash sums $118,382. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,120/mo property income instead of your personal income.
Single Family
Built in 1955
3,477 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11379, Middle Village, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,630 (100%) |
| Owner Occupied HU | 7,671 (49.1%) |
| Renter Occupied HU | 6,844 (43.8%) |
| Vacant Housing Units | 1,115 ( 7.1%) |
| Median Home Value | $883,890 |
| Average Home Value | $923,614 |
Housing Distribution
Address Breakdown
Residential
11,256
Single Family
9,197
Multi-Family
2,059
Businesses
632
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