1016 Church RdBroad ChannelNY11693
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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 Broad Channel at 1016 Church Rd, Broad Channel, NY, 11693 earns $14/mo cash flow from $2,545/mo rent with a $1,855/mo payment. Total monthly income totals $2,545/mo, and annual cash flow totals $169/yr on $125,639 capital. ROI tracks 20.04% on current figures, and rental yield reads 8.06% at a $379,000 purchase. Equity gained on principal adds $2,446/yr, and 5% annual appreciation supports $104,711 over five years. Five-year ROI reaches 104.23% and total cumulative return in cash sums $130,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,545/mo property income instead of your personal income.
Single Family
Built in 1929
7,067 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,533 (100%) |
| Owner Occupied HU | 2,272 (41.1%) |
| Renter Occupied HU | 2,861 (51.7%) |
| Vacant Housing Units | 400 ( 7.2%) |
| Median Home Value | $505,449 |
| Average Home Value | $521,181 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
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Listed by: Deborah Brennan • RE/MAX Elite
Mls Name: BNYMLS
Mls Provider:
Mls ID: #482299
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.