78-31 147th St #3JFlushingNY11367
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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 78-31 147th St #3J, Flushing, NY, 11367 uses $104,423 cash to close to unlock $1,659/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,242/mo, and a $1,542/mo payment keeps the spread at $138/mo. Purchase price stands at $315,000, and rental yield measures 8.54% with $2,242/mo rent. Return on cash invested shows 21.5% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 112.04% and total cumulative return in cash records $116,993. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,242/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1949
N/A lot
$N/A/sqft
No 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
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