8615 Dongan Ave APT 5DFlushingNY11373
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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 8615 Dongan Ave APT 5D, Flushing, NY, 11373 listed at $338,000 pairs $2,635/mo rent with a $1,654/mo payment to leave $378/mo cash flow. Total monthly income runs $2,635/mo, and annual cash flow reaches $4,539/yr on $112,047 cash to close. Return on cash invested measures 23.96% in year one, and rental yield registers 9.36% at a $338,000 basis. Equity gained on principal adds $2,181/yr, and annual property appreciation at 5% supports $93,383 by year five. Five-year ROI tracks 125.23% and total cumulative return in cash totals $140,318. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,635/mo property income relative to a $1,654/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
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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