110-15 71st Rd UNIT 1MForest 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 110-15 71st Rd UNIT 1M, Forest Hills, NY, 11375 offers a 11.75% rental yield on a $345,000 purchase with $3,378/mo rent. Total monthly income registers $3,378/mo, and a $1,689/mo payment leaves $1,074/mo available for distribution. Annual cash flow reaches $12,885/yr on $114,368 to close, and return on cash invested stands at 31.18% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 163.9% and total cumulative return in cash at $187,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,378/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1957
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: Patsy Tiu • INTEGRITY CORE REALTY
Mls Name: StreetEasy
Mls ID: #S1782442