69-09 108th St APT 509QueensNY11375
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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 Queens at 69-09 108th St APT 509, Queens, NY, 11375 listed at $485,000 pairs $5,636/mo rent with a $2,374/mo payment to leave $1,122/mo cash flow. Total monthly income runs $5,636/mo, and annual cash flow reaches $13,465/yr on $160,778 cash to close. Return on cash invested measures 28.28% in year one, and rental yield registers 13.94% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 151.86% and total cumulative return in cash totals $244,154. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,636/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1939
N/A lot
$N/A/sqft
$1,275 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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