7221 244th StFlushingNY11362
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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 7221 244th St, Flushing, NY, 11362 earns from $3,522/mo rent with a $7,830/mo payment. Total monthly income totals $3,522/mo. ROI tracks 3.79% on current figures, and rental yield reads 2.64% at a $1,599,800 purchase. Equity gained on principal adds $10,323/yr, and 5% annual appreciation supports $441,995 over five years. Five-year ROI reaches 16.98% and total cumulative return in cash sums $87,996. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,522/mo property income instead of your personal income.
Multi Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11362, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,427 (100%) |
| Owner Occupied HU | 5,639 (75.9%) |
| Renter Occupied HU | 1,397 (18.8%) |
| Vacant Housing Units | 391 ( 5.3%) |
| Median Home Value | $835,946 |
| Average Home Value | $827,796 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,094
Multi-Family
759
Businesses
410
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