11020 71st Ave APT 331Forest 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 11020 71st Ave APT 331, Forest Hills, NY, 11375 uses $82,842 cash to close to unlock $32,440/yr annual cash flow and $2,703/mo monthly cash flow. Total monthly income runs $4,924/mo, and a $1,223/mo payment keeps the spread at $2,703/mo. Purchase price stands at $249,900, and rental yield measures 23.64% with $4,924/mo rent. Return on cash invested shows 59.07% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 316.39% and total cumulative return in cash records $262,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,924/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1955
N/A lot
$N/A/sqft
$552 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: Steven Katz - Licensed Real Estate Salesperson • Benjamin Realty Since 1980
Mls Name: StreetEasy
Mls ID: #1724644