96-22 72nd Ave, Forest Hills, NY, 11375 | $1,001/mo Cash Flow

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96-22 72nd Ave, Forest Hills, NY, 11375 | $1,001/mo Cash Flow | 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

Investment property for sale in Forest Hills at 96-22 72nd Ave, Forest Hills, NY, 11375 listed at $1,350,000 pairs $10,016/mo rent with a $6,608/mo payment to leave $1,001/mo cash flow. Total monthly income runs $10,016/mo, and annual cash flow reaches $12,006/yr on $437,400 cash to close. Return on cash invested measures 23.11% in year one, and rental yield registers 8.9% at a $1,350,000 basis. Equity gained on principal adds $8,711/yr, and annual property appreciation at 5% supports $372,980 by year five. Five-year ROI tracks 120.59% and total cumulative return in cash totals $527,477. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $10,016/mo property income relative to a $6,608/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Stunning Home in Historic Forest Hills!!! Nestled in the heart of the beautiful and historic neighborhood of Forest Hills, this exquisite detached one-family home is a rare find. Boasting an impressive open floor plan, this 3BR residence sits on a generous 28x135 lot, offering ample space and modern amenities for luxurious living and multiple configurations. Enjoy cooking in a beautifully renovated eat-in kitchen complete with an island and stainless steel appliances, perfect for culinary enthusiasts and social gatherings. The fully finished basement is a haven of relaxation and entertainment that can be converted to a home theater, play room or guest room. The spacious attic, enhanced with four skylights and additional windows, provides a bright and airy space ideal for a home office, studio, or extra living area. The expansive backyard is an outdoor paradise, featuring a patio for dining al fresco and plenty of room for gardening or recreation. The detached garage offers a dedicated artist's studio and additional storage space, catering to creative pursuits and practical needs. The driveway provides convenient parking for up to three cars, a coveted amenity in this vibrant neighborhood. This home seamlessly blends historic charm with contemporary comforts, offering an exceptional living experience in one of Queens' most desirable neighborhoods. Don't miss the opportunity to make this stunning Forest Hills residence your own!

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