121-16 Ocean Promenade APT 2LFar RockawayNY11694
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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 121-16 Ocean Promenade APT 2L, Far Rockaway, NY, 11694 earns from $1,390/mo rent with a $1,777/mo payment. Total monthly income totals $1,390/mo. ROI tracks 9.59% on current figures, and rental yield reads 4.6% at a $363,000 purchase. Equity gained on principal adds $2,342/yr, and 5% annual appreciation supports $100,290 over five years. Five-year ROI reaches 48.18% and total cumulative return in cash sums $57,975. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,390/mo property income instead of your personal income.
Condo
Built in 1954
N/A 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: Barbara Ferguson • Rockaway Properties
Mls Name: StreetEasy
Mls ID: #S1797794