10012 Shore Front Pkwy #18AFar RockawayNY11694
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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 Far Rockaway at 10012 Shore Front Pkwy #18A, Far Rockaway, NY, 11694 uses $215,495 cash to close to unlock $2,219/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $4,559/mo, and a $3,206/mo payment keeps the spread at $185/mo. Purchase price stands at $655,000, and rental yield measures 8.35% with $4,559/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $180,964 over five years. Five-year ROI reaches 109.79% and total cumulative return in cash records $236,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,559/mo property income covering a $3,206/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
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Listed by: George Zanetis • Zanetis Properties LLC
Mls Name: BNYMLS
Mls ID: #495175