102-10 66th Rd #2CForest 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 102-10 66th Rd #2C, Forest Hills, NY, 11375 generates $4,464/mo in rent and, after a $967/mo payment, leaves $2,493/mo in cash flow. Total monthly income is $4,464/mo, and annual cash flow is $29,913/yr on $65,471 invested. Return on cash invested sits at 65.6% in year one, and rental yield is 27.12% on a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 352.83% and total cumulative return in cash sums $231,003. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,464/mo property income rather than buyer’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$652 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: Alejandra Fermin - Licensed Real Estate Broker • Empire Fine Homes
Mls Name: StreetEasy
Mls ID: #1713368