75-02 Austin St APT 2JForest HillsNY11375
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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 Forest Hills at 75-02 Austin St APT 2J, Forest Hills, NY, 11375 earns $710/mo cash flow from $4,483/mo rent with a $2,765/mo payment. Total monthly income totals $4,483/mo, and annual cash flow totals $8,525/yr on $185,885 capital. ROI tracks 24.65% on current figures, and rental yield reads 9.52% at a $565,000 purchase. Equity gained on principal adds $3,646/yr, and 5% annual appreciation supports $156,099 over five years. Five-year ROI reaches 128.86% and total cumulative return in cash sums $239,535. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,483/mo property income instead of your personal income.
Condo
Built in 1952
N/A lot
$N/A/sqft
No 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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Listed by: Emanuella Drummond Resende • Brown Harris Stevens Forest Hills LLC
Mls Name: StreetEasy
Mls ID: #S1797308