7337 Austin St APT 2E, Flushing, NY, 11375 | $168/mo Cash Flow

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7337 Austin St APT 2E, Flushing, NY, 11375 | $168/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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 7337 Austin St APT 2E, Flushing, NY, 11375 with 5% annual appreciation on a $289,000 basis while $2,786/mo rent supports operations. Total monthly income totals $2,786/mo and a $1,415/mo payment preserves $168/mo for cash returns. Annual cash flow comes to $2,011/yr on $95,804 deployed, and return on cash invested reaches 22.01% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 11.57%. Five-year ROI measures 117.88% and total cumulative return in cash totals $112,934.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,786/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1928

N/A lot

$N/A/sqft

$688 monthly HOA

More details about the property

IN THE MIDST OF IT ALL! Bring your contractor to this one bedroom apartment in a well respected Full Service Co-op. The Holland House is a professionally managed, pet friendly Co-op. This home is in original condition, offering the opportunity to make this home truly your own. With a little TLC this lovely one bedroom unit will reach its full potential. The apartment's thoughtfully designed floor plan allows for comfortable living and entertaining. This property has been virtually staged. Turn this spacious, light-filled apartment into a beautiful, modern home designed just for you. There is central laundry in the basement, as well as a super and porters that handle garbage removal, and cleaning and maintenance of the common areas. The building is very well maintained with a charming lobby. The location could not be better as it is literally in the heart of Forest Hills. Enjoy your morning coffee at Red Pipes Cafe, just a few doors up the block. With shops ranging from big-box retailers like Childrens Place, Bath and Body, and Ann Taylor Loft to the more intimate Austin Street shops such as Diva Hot Couture, Foxes, Chezmoi Studio Inc., Soleil, and countless others, this retail mecca can be most closely compared to Madison Avenue in Manhattan. Venture up to Metropolitan Ave where you will find TD Bank, 7-Eleven, CVS, Petco, Panda Express, Wendys, Panera Bread, Trader Joes, Home Depot, Stop & Shop, and many more. This serene dream home is located at the epicenter of an exciting neighborhood. The transportation is ideal, take the E/F train in walking distance, LIRR, & buses running North & South on Queens Blvd. Experience the magic that is Forest Hills & all that it has to offer. Reach Forest Park, 538 acres of trees and fields, with ease from this chic and charming building. Enjoy strolling in thick woods at Forest Park plus trails for running, biking, skating, and horseback riding. Find golfing, a merry-go-round carousel, band shell concerts, and playing fields as well. Zagat rated restaurants is a stones throw away. Steps to the beautiful Community House with an indoor heated pool, numerous activities for children & many social events for adults. A great place to live, work, and play with every luxury and convenience you want for your busy lifestyle. A true Forest Hills Gem Must See! Come home to a special community! Contact Anna Pinto Realty for details.

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