72-61 113th Street #2Z 113th Street #2ZFlushingNY11375
INVESTMENT ANALYSIS
Investment Verdict
Solid Income72-61 113th Street #2Z 113th Street #2Z, Flushing, NY, 11375 in Flushing carries a 1.58 coverage ratio, rent of $2,132/mo is 1.58 times the $1,349/mo payment. Rental yield 8.53%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $299,999 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $82,884; total projected cumulative return: $80,680.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 4.5% |
| Monthly Cash Flow | $(571) | $1,850 |
City averages based on Flushing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,132 |
| Total Monthly Debt Service | $2,584 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1951
N/A lot
$N/A/sqft
$700 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1951
N/A lot
$N/A/sqft
$700 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marvin Rubio Fuentes • Vantage Realty Partners
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #904461
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