8420 51st Ave APT 1BFlushingNY11373
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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 8420 51st Ave APT 1B, Flushing, NY, 11373 uses $120,003 cash to close to unlock $497/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $2,459/mo, and a $1,772/mo payment keeps the spread at $41/mo. Purchase price stands at $362,000, and rental yield measures 8.15% with $2,459/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $100,014 over five years. Five-year ROI reaches 105.72% and total cumulative return in cash records $126,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,459/mo property income covering a $1,772/mo payment rather than investor’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11373, Elmhurst, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,494 (100%) |
| Owner Occupied HU | 8,533 (24.0%) |
| Renter Occupied HU | 24,857 (70.0%) |
| Vacant Housing Units | 2,104 ( 5.9%) |
| Median Home Value | $862,050 |
| Average Home Value | $890,952 |
Housing Distribution
Address Breakdown
Residential
25,941
Single Family
6,615
Multi-Family
19,326
Businesses
1,674
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