6120 Grand Central Pkwy APT A902, Forest Hills, NY, 11375 | $9/mo Cash Flow

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6120 Grand Central Pkwy APT A902, Forest Hills, NY, 11375 | $9/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Forest Hills at 6120 Grand Central Pkwy APT A902, Forest Hills, NY, 11375 generates $2,180/mo in rent and, after a $1,591/mo payment, leaves $9/mo in cash flow. Total monthly income is $2,180/mo, and annual cash flow is $113/yr on $107,738 invested. Return on cash invested sits at 20.01% in year one, and rental yield is 8.05% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 104.06% and total cumulative return in cash sums $112,117. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,180/mo property income rather than buyer’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious & Versatile JR4 Co-op with balcony in full service building in convenient Forest Hills location! Bright and airy oversized living and dining room, large primary bedroom, 2nd bedroom convertible to a home office, updated full hall bath, ample sized walk-thru kitchen, big windows/sliding doors to outdoor balcony. This unit offers the perfect blend of space, comfort, and functionality. Plenty of closets; pets allowed; subletting after 3 years; 24 hour doorman; parking; laundry in building. Ideally located across from Flushing Meadows Park and next to all major highways. 20% minimum down-payment; 28% DTI. Monthly assessment of $76.12 ends May 2026. Indoor parking spot available immediately $237.50.

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