68-37 108th St APT 5JQueensNY11375
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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 Queens at 68-37 108th St APT 5J, Queens, NY, 11375 generates $5,806/mo in rent and, after a $1,512/mo payment, leaves $2,619/mo in cash flow. Total monthly income is $5,806/mo, and annual cash flow is $31,427/yr on $102,434 invested. Return on cash invested sits at 50.59% in year one, and rental yield is 22.55% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 272.78% and total cumulative return in cash sums $279,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,806/mo property income rather than buyer’s personal income.
Condo
Built in 1939
N/A lot
$N/A/sqft
$1,124 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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