118-07 Beach Channel DriveRockaway ParkNY11694
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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 Rockaway Park at 118-07 Beach Channel Drive, Rockaway Park, NY, 11694 earns from $5,262/mo rent with a $7,342/mo payment. Total monthly income totals $5,262/mo. ROI tracks 8.63% on current figures, and rental yield reads 4.21% at a $1,499,999 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 42.91% and total cumulative return in cash sums $208,523. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,262/mo property income instead of your personal income.
Manufactured
Built in 1935
5,110 sqft 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
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Listed by: William Weaver • Garden Heights Realty
Mls Name: OneKey MLS
Mls ID: #881735