1 E. Broadway #5SLong BeachNY11561
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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 Long Beach at 1 E. Broadway #5S, Long Beach, NY, 11561 with 5% annual appreciation on a $429,000 basis while $3,650/mo rent supports operations. Total monthly income totals $3,650/mo and a $2,100/mo payment preserves $785/mo for cash returns. Annual cash flow comes to $9,419/yr on $142,214 deployed, and return on cash invested reaches 26.53% in year one. Equity gained on principal adds $2,768/yr, and five-year appreciation sums $118,525 alongside rental yield of 10.21%. Five-year ROI measures 138.99% and total cumulative return in cash totals $197,665.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,650/mo property income versus a $2,100/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
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Listed by: Lori Ann Dredger • Signature Premier Properties
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #952018
Disclaimer: Based on information submitted to the MLS GRID as of 2026-02-01 04:23:14 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)