109 Beach 61st Street #77AArverneNY11692
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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 Arverne at 109 Beach 61st Street #77A, Arverne, NY, 11692 earns from $4,613/mo rent with a $3,617/mo payment. Total monthly income totals $4,613/mo. ROI tracks 18.47% on current figures, and rental yield reads 7.49% at a $739,000 purchase. Equity gained on principal adds $4,769/yr, and 5% annual appreciation supports $204,172 over five years. Five-year ROI reaches 95.76% and total cumulative return in cash sums $232,832. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,613/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11692, Arverne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,260 (100%) |
| Owner Occupied HU | 2,411 (29.2%) |
| Renter Occupied HU | 5,362 (64.9%) |
| Vacant Housing Units | 487 ( 5.9%) |
| Median Home Value | $653,075 |
| Average Home Value | $623,118 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
3,509
Multi-Family
3,603
Businesses
122
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