107-40 Queens Blvd PENTHOUSE 19AForest 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 107-40 Queens Blvd PENTHOUSE 19A, Forest Hills, NY, 11375 earns from $2,992/mo rent with a $6,847/mo payment. Total monthly income totals $2,992/mo. ROI tracks 3.56% on current figures, and rental yield reads 2.57% at a $1,399,000 purchase. Equity gained on principal adds $9,028/yr, and 5% annual appreciation supports $386,518 over five years. Five-year ROI reaches 15.73% and total cumulative return in cash sums $71,297. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,992/mo property income instead of your personal income.
Condo
Built in 1965
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: Elizabeth Reyes • Keller Williams Legendary
Mls Name: StreetEasy
Mls ID: #S1803467