9712 70th AveForest 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
Rental property for sale in Forest Hills at 9712 70th Ave, Forest Hills, NY, 11375 generates $10,283/mo in rent, after a $8,071/mo payment. Total monthly income is $10,283/mo. Return on cash invested sits at 18.73% in year one, and rental yield is 7.48% on a $1,649,000 entry. Equity gained on principal adds $10,641/yr, while 5% annual appreciation builds toward $455,588 over five years. Five-year ROI reaches 97.1% and total cumulative return in cash sums $518,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $10,283/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
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: Yessenia Cardona - Licensed Real Estate Salesperson • Terrace Sotheby's International Realty
Mls Name: StreetEasy
Mls ID: #1602449