8615 Broadway APT 3HFlushingNY11373
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 8615 Broadway APT 3H, Flushing, NY, 11373 in Flushing achieves a 1.64 ratio at $550,000: $4,055/mo rent versus $2,473/mo debt service. Rental yield 8.85%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.85% yield compounds alongside 5% annual appreciation projecting $151,955 in value. Total projected cumulative return: $234,366.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 4.5% |
| Monthly Cash Flow | $(595) | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,055 |
| Total Monthly Debt Service | $3,454 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1964
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices