8 Cornell LnFlushingNY11363
Nearby investment properties with comparable rents
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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
Rental property for sale in Flushing at 8 Cornell Ln, Flushing, NY, 11363 priced at $1,448,888 pairs $6,049/mo rent with after a $7,092/mo payment. Total monthly income equals $6,049/mo. Return on cash invested is 11.1% in year one, and rental yield stands at 5.01% on a $1,448,888 basis. Equity gained on principal adds $9,349/yr, and 5% annual appreciation accumulates to $400,301 by year five. Five-year ROI measures 56.16% and total cumulative return in cash reaches $263,648. For financing, Ziffy Mortgage’s DSCR program evaluates $6,049/mo property income against a $7,092/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11363, Little Neck, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,933 (100%) |
| Owner Occupied HU | 1,892 (64.5%) |
| Renter Occupied HU | 866 (29.5%) |
| Vacant Housing Units | 175 ( 6.0%) |
| Median Home Value | $1,074,519 |
| Average Home Value | $1,146,069 |
Housing Distribution
Address Breakdown
Residential
2,620
Single Family
2,155
Multi-Family
465
Businesses
186
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