6863 108th St APT 2B, Flushing, NY, 11375 | $1,703/mo Cash Flow

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6863 108th St APT 2B, Flushing, NY, 11375 | $1,703/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Flushing at 6863 108th St APT 2B, Flushing, NY, 11375 listed at $375,000 pairs $5,545/mo rent with a $1,835/mo payment to leave $1,703/mo cash flow. Total monthly income runs $5,545/mo, and annual cash flow reaches $20,439/yr on $124,313 cash to close. Return on cash invested measures 36.35% in year one, and rental yield registers 17.74% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 196.36% and total cumulative return in cash totals $244,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,545/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

$1,338 monthly HOA

More details about the property

Move right into this spacious 2-bedroom corner apartment in the heart of Forest Hills. The entry foyer provides 3 large closets for your storage needs. A formal dining area leads to an expansive living room with high ceiling. The remodeled eat-in kitchen features stone counter-tops and stainless steel appliances. Both bedrooms are very spacious with ample closet space. A beautifully renovated bathroom with accent tiles and an efficient dual flush toilet. Short walk to the express and local E/F/M/R subway lines, express and local buses, and the Long Island Rail Road. Close to parks, shopping, and restaurants. The well-maintained building with two elevators, on-site super, and laundry room in the basement. 20% down payment required. No flip tax. Subletting allowed but the initial purchase must be owner-occupied. Pets are not allowed.

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