10 Station Sq APT R34Forest 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 10 Station Sq APT R34, Forest Hills, NY, 11375 priced at $199,999 converts $9,071/mo rent into $6,767/mo cash flow after a $979/mo obligation. Total monthly income equals $9,071/mo, and annual cash flow totals $81,208/yr on $66,300 invested. Return on cash invested prints 142.4% in year one, and rental yield reads 54.43% against a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 766.69% and total cumulative return in cash sums $508,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,071/mo property income covering a $979/mo payment, not borrower’s personal income.
Condo
Built in 1930
N/A lot
$N/A/sqft
$968 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: Lily Tran - Licensed Associate Real Estate Broker • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #1731948