103-10 Rockaway Beach Blvd #2BFar RockawayNY11694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 103-10 Rockaway Beach Blvd #2B, Far Rockaway, NY, 11694 offers a 8.82% rental yield on a $579,000 purchase with $4,255/mo rent. Total monthly income registers $4,255/mo, and a $2,834/mo payment leaves $388/mo available for distribution. Annual cash flow reaches $4,661/yr on $190,491 to close, and return on cash invested stands at 22.51% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 117.4% and total cumulative return in cash at $223,639. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,255/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Gomez • ERA Top Service Realty, Inc.
Mls Name: StreetEasy
Mls ID: #S1783767