111-45 Queens Blvd UNIT 38BForest 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
Rental property for sale in Forest Hills at 111-45 Queens Blvd UNIT 38B, Forest Hills, NY, 11375 generates $3,960/mo in rent and, after a $2,041/mo payment, leaves $339/mo in cash flow. Total monthly income is $3,960/mo, and annual cash flow is $4,072/yr on $138,236 invested. Return on cash invested sits at 22.85% in year one, and rental yield is 11.4% on a $417,000 entry. Equity gained on principal adds $2,691/yr, while 5% annual appreciation builds toward $115,209 over five years. Five-year ROI reaches 121.93% and total cumulative return in cash sums $168,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$836 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: Agatha Lubas • Keller Williams Realty Liberty
Mls Name: StreetEasy
Mls ID: #S1751100