107-24 71st Rd #15DForest 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 107-24 71st Rd #15D, Forest Hills, NY, 11375 generates $7,102/mo in rent, after a $6,040/mo payment. Total monthly income is $7,102/mo. Return on cash invested sits at 13.27% in year one, and rental yield is 6.91% on a $1,234,000 entry. Equity gained on principal adds $7,963/yr, while 5% annual appreciation builds toward $340,931 over five years. Five-year ROI reaches 69.14% and total cumulative return in cash sums $276,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,102/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$1,227 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: Clarence Guevarra - Licensed Real Estate Salesperson • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #10391201024