68-12 Burns St APT D4Forest 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 68-12 Burns St APT D4, Forest Hills, NY, 11375 offers $7,336/mo rent that, after a $2,986/mo payment, leaves $1,474/mo cash flow. Total monthly income is $7,336/mo, and annual cash flow is $17,690/yr on $200,690 cash. Return on cash invested measures 28.87% in year one, and rental yield stands at 14.43% at a $610,000 entry. Equity gained on principal adds $3,936/yr while 5% annual appreciation compounds into $168,532 by year five. Five-year ROI records 155.43% and total cumulative return in cash reaches $311,935. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,336/mo property income versus a $2,986/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1920
N/A lot
$N/A/sqft
$1,788 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: Lily Tran - Licensed Associate Real Estate Broker • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #1728626