108-50 62nd Dr APT 3FForest 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 108-50 62nd Dr APT 3F, Forest Hills, NY, 11375 offers a 10.5% rental yield on a $390,999 purchase with $3,422/mo rent. 49% in year one. Equity gained on principal adds $2,523/yr while 5% annual appreciation supports $108,026 over five years. Portfolio math shows five-year ROI at 94.12% and total cumulative return in cash at $121,990. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,422/mo property income against a $1,914/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1963
N/A lot
$N/A/sqft
$1,072 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: Ella Shimonova • Prime Realty
Mls Name: StreetEasy
Mls ID: #S1738678