70-31 108th St #5A, Forest Hills, NY, 11375 | 9.89% Rental Yield

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70-31 108th St #5A, Forest Hills, NY, 11375 | 9.89% Rental Yield | 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

Rental property for sale in Forest Hills at 70-31 108th St #5A, Forest Hills, NY, 11375 generates $5,357/mo in rent, after a $3,181/mo payment. Total monthly income is $5,357/mo. Return on cash invested sits at 19.6% in year one, and rental yield is 9.89% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 104.02% and total cumulative return in cash sums $222,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,357/mo property income rather than buyer’s personal income.

Condo

Built in 1966

N/A lot

$N/A/sqft

$1,099 monthly HOA

More details about the property

*Sponsor unit no board approval. *Command rent $2900/Month *Jr4 (2Br) unit w/ large terrace *High floor w/ SE exposures *Central AC/heat *Maintenance includes gas, heat, hot water *24/hr doorman *24/hr laundry, storage, roof deck, bike room, parking *Zoned for PS196 *Steps away from E, F, M, R and buses *Close to Trader Joes and all other shops and restaurants Note to cooperating agents: To receive a commission split, brokers/agents must accompany their buyers/clients to my showings or open houses. The tenant is currently occupying the unit and will provide the showing schedules. All showings must be by appointment.

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