108-07 65th Rd #1CForest 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 108-07 65th Rd #1C, Forest Hills, NY, 11375 offers a 10.7% rental yield on a $388,000 purchase with $3,460/mo rent. Total monthly income registers $3,460/mo, and a $1,899/mo payment leaves $869/mo available for distribution. Annual cash flow reaches $10,429/yr on $128,622 to close, and return on cash invested stands at 28.02% in year one. Equity gained on principal adds $2,504/yr while 5% annual appreciation supports $107,197 over five years. Portfolio math shows five-year ROI at 146.98% and total cumulative return in cash at $189,052. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,460/mo property income against a $1,899/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1949
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: Michael Rastegar • REMAX Elite
Mls Name: StreetEasy
Mls ID: #S1770558