1040 Neilson St APT 6KFar RockawayNY11691
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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 1040 Neilson St APT 6K, Far Rockaway, NY, 11691 at $100,000 posts ROI 69.67% with $1,375/mo cash flow from $2,736/mo rent. Total monthly income equals $2,736/mo, and annual cash flow records $16,496/yr on $33,150 to close. Return on cash invested measures 69.67% and rental yield reads 32.83% at the current $100,000. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 by year five. Five-year ROI prints 379.49% and total cumulative return in cash totals $125,800.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,736/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1960
N/A lot
$N/A/sqft
$694 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11691, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,618 (100%) |
| Owner Occupied HU | 5,020 (21.3%) |
| Renter Occupied HU | 17,299 (73.2%) |
| Vacant Housing Units | 1,299 ( 5.5%) |
| Median Home Value | $689,409 |
| Average Home Value | $749,322 |
Housing Distribution
Address Breakdown
Residential
20,297
Single Family
7,945
Multi-Family
12,352
Businesses
623
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Listed by: Michael I Blake - Licensed Associate Real Estate Broker • ERA Top Service Realty, Inc.
Mls Name: StreetEasy
Mls ID: #1709941