1 Ascan Ave APT 35Forest HillsNY11375
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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 Forest Hills at 1 Ascan Ave APT 35, Forest Hills, NY, 11375 offers $6,931/mo rent that, after a $4,650/mo payment. Total monthly income is $6,931/mo. Return on cash invested measures 16.78% in year one, and rental yield stands at 8.75% at a $950,000 entry. Equity gained on principal adds $6,130/yr while 5% annual appreciation compounds into $262,467 by year five. Five-year ROI records 88.66% and total cumulative return in cash reaches $277,118. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,931/mo property income versus a $4,650/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1918
N/A lot
$N/A/sqft
$1,442 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11375, Forest Hills, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,178 (100%) |
| Owner Occupied HU | 16,568 (47.1%) |
| Renter Occupied HU | 16,416 (46.7%) |
| Vacant Housing Units | 2,194 ( 6.2%) |
| Median Home Value | $816,287 |
| Average Home Value | $887,843 |
Housing Distribution
Address Breakdown
Residential
33,668
Single Family
6,622
Multi-Family
27,046
Businesses
1,853
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Listed by: Bruce Eaton - Licensed Associate Real Estate Broker • Corcoran
Mls Name: StreetEasy
Mls ID: #1731087