150 Burns St UNIT 4GForest 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 150 Burns St UNIT 4G, Forest Hills, NY, 11375 priced at $245,000 converts $4,801/mo rent into $2,302/mo cash flow after a $1,199/mo obligation. Total monthly income equals $4,801/mo, and annual cash flow totals $27,625/yr on $81,218 invested. Return on cash invested prints 53.92% in year one, and rental yield reads 23.52% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 290.55% and total cumulative return in cash sums $235,980. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,801/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
$863 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: Linda Weiss • Terrace Sotheby's International Realty
Mls Name: StreetEasy
Mls ID: #S1732121