94-10 59 Ave UNIT 1JFlushingNY11373
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 94-10 59 Ave UNIT 1J, Flushing, NY, 11373 in Flushing: $5,910/mo in rent, $1,319/mo net, 12.69% gross yield, all on a $559,000 acquisition. The 2.35 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $154,441 in value, and $5,148/yr in principal paydown steadily builds equity. Projected total cumulative return: $301,797.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 4.5% |
| Monthly Cash Flow | $1,319 | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,910 |
| Total Monthly Debt Service | $4,368 |
| DSCR Ratio | 1.35x |
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 1960
N/A lot
$N/A/sqft
$858 monthly 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 1960
N/A lot
$N/A/sqft
$858 monthly 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