707 147th Street, Flushing, NY, 11357 | 5.76% Rental Yield

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707 147th Street, Flushing, NY, 11357 | 5.76% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flushing at 707 147th Street, Flushing, NY, 11357 offers a 5.76% rental yield on a $999,999 purchase with $4,800/mo rent. 21% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,281 over five years. Portfolio math shows five-year ROI at 67.54% and total cumulative return in cash at $222,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,800/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

4,200 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 707 147th Street, an original, single-family ranch nestled in the heart of Whitestone. This inviting 3-bedroom home offers a blend of comfort, convenience, and the chance to create a space tailored to your lifestyle. Inside, youll find a bright living room, a formal dining area, and an eat-in kitchen offering plenty of room to design the heart of your home. Three generously sized bedrooms provide flexibility for sleeping quarters, guests, or a home office. A full, finished basement extends the living space, ideal for storage, hobbies, or recreation, while the private backyard offers a wonderful setting for gardening, barbecues, or simply relaxing outdoors. Located on a quiet residential block, this property combines neighborhood charm with everyday convenience. Shops, dining, schools, and parks are just moments away, along with easy access to public transportation and major highways for commuting. Whether youre a first-time buyer or searching for a home with room to personalize, this is a fantastic opportunity in one of Queens most sought-after neighborhoods. Dont miss your chance to make this house your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 11357, Whitestone, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,187 (100%)
Owner Occupied HU	10,869 (67.1%)
Renter Occupied HU	4,406 (27.2%)
Vacant Housing Units	912 ( 5.6%)
Median Home Value	$933,533
Average Home Value	$975,786