61-20 Grand Central Pkwy #C1006, Forest Hills, NY, 11375 | $1,480/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Forest Hills at 61-20 Grand Central Pkwy #C1006, Forest Hills, NY, 11375 listed at $427,000 pairs $5,996/mo rent with a $2,090/mo payment to leave $1,480/mo cash flow. Total monthly income runs $5,996/mo, and annual cash flow reaches $17,754/yr on $141,551 cash to close. Return on cash invested measures 32.45% in year one, and rental yield registers 16.85% at a $427,000 basis. Equity gained on principal adds $2,755/yr, and annual property appreciation at 5% supports $117,972 by year five. Five-year ROI tracks 175.87% and total cumulative return in cash totals $248,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,996/mo property income relative to a $2,090/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1965

N/A lot

$N/A/sqft

$1,665 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