6315 Forest Avenue #1AFlushingNY11385
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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 Flushing at 6315 Forest Avenue #1A, Flushing, NY, 11385 earns from $3,856/mo rent with a $3,500/mo payment. Total monthly income totals $3,856/mo. ROI tracks 15.37% on current figures, and rental yield reads 6.47% at a $715,000 purchase. Equity gained on principal adds $4,614/yr, and 5% annual appreciation supports $197,541 over five years. Five-year ROI reaches 79.12% and total cumulative return in cash sums $186,117. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,856/mo property income instead of your personal income.
Condo
Built in 2007
7,515 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11385, Ridgewood, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 39,077 (100%) |
| Owner Occupied HU | 10,033 (25.7%) |
| Renter Occupied HU | 26,467 (67.7%) |
| Vacant Housing Units | 2,577 ( 6.6%) |
| Median Home Value | $895,061 |
| Average Home Value | $939,291 |
Housing Distribution
Address Breakdown
Residential
26,993
Single Family
12,493
Multi-Family
14,500
Businesses
2,575
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