114 Erie AvenueAtlantic BeachNY11509
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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
Total monthly income runs $4,850/mo, and a $7,826/mo payment. Purchase price stands at $1,599,000, and rental yield measures 3.64% with $4,850/mo rent. Return on cash invested shows 6.87% in year one, and 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 33.49% and total cumulative return in cash records $173,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,850/mo property income covering a $7,826/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,035 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11509, Atlantic Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,377 (100%) |
| Owner Occupied HU | 817 (59.3%) |
| Renter Occupied HU | 225 (16.3%) |
| Vacant Housing Units | 335 (24.3%) |
| Median Home Value | $991,102 |
| Average Home Value | $1,201,714 |
Housing Distribution
Address Breakdown
Residential
1,196
Single Family
1,187
Multi-Family
9
Businesses
97
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Listed by: Randy Scott • BERKSHIRE HATHAWAY
Mls Name: OneKey MLS
Mls ID: #912203