62-59 108th St UNIT S6Forest 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 62-59 108th St UNIT S6, Forest Hills, NY, 11375 generates $3,256/mo in rent and, after a $954/mo payment, leaves $1,517/mo in cash flow. Total monthly income is $3,256/mo, and annual cash flow is $18,207/yr on $64,643 invested. Return on cash invested sits at 48.07% in year one, and rental yield is 20.04% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 257.51% and total cumulative return in cash sums $166,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,256/mo property income rather than buyer’s personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
$437 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: Ji Luo - Licensed Real Estate Salesperson • Winzone Realty Inc
Mls Name: StreetEasy
Mls ID: #1729948