77-15 113th St APT 5L, Forest Hills, NY, 11375 | $267/mo Cash Flow

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77-15 113th St APT 5L, Forest Hills, NY, 11375 | $267/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 Forest Hills at 77-15 113th St APT 5L, Forest Hills, NY, 11375 uses $145,529 cash to close to unlock $3,205/yr annual cash flow and $267/mo monthly cash flow. Total monthly income runs $3,199/mo, and a $2,149/mo payment keeps the spread at $267/mo. Purchase price stands at $439,000, and rental yield measures 8.74% with $3,199/mo rent. Return on cash invested shows 22.11% in year one, and 5% annual appreciation builds toward $121,288 over five years. Five-year ROI reaches 115.32% and total cumulative return in cash records $167,828. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,199/mo property income covering a $2,149/mo payment rather than investor’s personal income.

Condo

Built in 1940

N/A lot

$N/A/sqft

No HOA

More details about the property

WELCOME TO FOREST HILLS SOUTH. Very sunny and spacious apartment, on the 5th Floor. CALL DAVID DAN FOR SHOWINGS Corner apartment, JR4 / 2 bedrooms with south/east exposures, and direct stunning garden views from all windows. Beautiful apartment with classic elegance and charm, offers large entry foyer that can be used as a dining area, spacious sunken Living Room, updated windowed Kitchen with modern cabinets, updated windowed Bathroom with a tub. The primary bedroom is very spacious and can fit a King size bed, the second bedroom is sizable as well, 4 large closets with custom adjustable shelving system, all Hardwood Floors throughout the apartment, 9Ft Ceiling and many charming details. Located in Forest Hills South, a well-maintained and financially sound co-op. It features seven pre-war buildings with architectural beauty & charm, elegant lobbies, and hallways, surrounded by beautifully manicured English Gardens and water fountains with private sitting area for residents. Elevator building with great amenities, doorman service, live-in super, on-site maintenance staff, laundry room, storage & bike room, gym, indoor kids playroom, reading lounge and community room. Centrally and conveniently located, half a block to E & F Express trains, Buses and major highways. Minutes to the fashionable Austin Street shops, fine restaurants, movie theatres, LIRR, Forest Hills Stadium, the West Side Tennis Club and the newly opened Trader Joes. Zoned to top rated P.S.196 school. Maintenance fee $1,196.20, Includes Heat, water and property taxes. NO Dogs 20% down payment is required.

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