62-59 108 #6EForest 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 62-59 108 #6E, Forest Hills, NY, 11375 earns $36/mo cash flow from $2,300/mo rent with a $1,659/mo payment. Total monthly income totals $2,300/mo, and annual cash flow totals $437/yr on $112,379 capital. ROI tracks 20.3% on current figures, and rental yield reads 8.14% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 105.59% and total cumulative return in cash sums $118,660. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,300/mo property income instead of your personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
No 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: Rafael Normatov • Dom Realty of NY Inc
Mls Name: OneKey MLS
Mls ID: #937752