103 Connecticut AvenueLong 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
Rental property for sale in Long Beach at 103 Connecticut Avenue, Long Beach, NY, 11561 generates $6,116/mo in rent, after a $8,761/mo payment. Total monthly income is $6,116/mo. Return on cash invested sits at 8.29% in year one, and rental yield is 4.1% on a $1,790,000 entry. Equity gained on principal adds $11,551/yr, while 5% annual appreciation builds toward $494,544 over five years. Five-year ROI reaches 41.1% and total cumulative return in cash sums $238,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,116/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3,600 sqft 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: Pamela M. Nardone • RE/MAX Beach West
Mls Name: OneKey MLS
Mls ID: #949298