69-57B Park Drive E UNIT BFlushingNY11367
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 69-57B Park Drive E UNIT B, Flushing, NY, 11367 in Flushing deserves attention. This $422,000 property earns $4,118/mo in rent, a 11.71% gross yield, and nets $771/mo after the $1,898/mo payment. DSCR 2.17 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $116,591 compounds alongside $3,887/yr in yearly equity build, for a total cumulative return of $212,818.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 4.5% |
| Monthly Cash Flow | $771 | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,118 |
| Total Monthly Debt Service | $3,179 |
| DSCR Ratio | 1.30x |
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 1950
N/A lot
$N/A/sqft
$529 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11367, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,834 (100%) |
| Owner Occupied HU | 7,105 (42.2%) |
| Renter Occupied HU | 8,819 (52.4%) |
| Vacant Housing Units | 910 ( 5.4%) |
| Median Home Value | $786,829 |
| Average Home Value | $751,460 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
7,643
Multi-Family
7,078
Businesses
461
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 1950
N/A lot
$N/A/sqft
$529 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11367, Flushing, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,834 (100%) |
| Owner Occupied HU | 7,105 (42.2%) |
| Renter Occupied HU | 8,819 (52.4%) |
| Vacant Housing Units | 910 ( 5.4%) |
| Median Home Value | $786,829 |
| Average Home Value | $751,460 |
Housing Distribution
Address Breakdown
Residential
14,721
Single Family
7,643
Multi-Family
7,078
Businesses
461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices