104-20 68th Dr #B21Forest 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
Investment property for sale in Forest Hills at 104-20 68th Dr #B21, Forest Hills, NY, 11375 listed at $489,000 pairs $3,653/mo rent with a $2,393/mo payment to leave $388/mo cash flow. Total monthly income runs $3,653/mo, and annual cash flow reaches $4,655/yr on $162,104 cash to close. Return on cash invested measures 22.78% in year one, and rental yield registers 8.96% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 118.87% and total cumulative return in cash totals $192,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,653/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1956
N/A lot
$N/A/sqft
No 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: Michelle Fisher • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #S1792459