12116 Ocean Promenade APT 1EFar 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 12116 Ocean Promenade APT 1E, Far Rockaway, NY, 11694 earns from $4,049/mo rent with a $2,247/mo payment. Total monthly income totals $4,049/mo. ROI tracks 16.7% on current figures, and rental yield reads 10.59% at a $459,000 purchase. Equity gained on principal adds $2,962/yr, and 5% annual appreciation supports $126,813 over five years. Five-year ROI reaches 90.27% and total cumulative return in cash sums $137,351. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,049/mo property income instead of your personal income.
Condo
Built in 1954
N/A lot
$N/A/sqft
$1,390 monthly 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: Joseph Forzano • Revived Residential
Mls Name: StreetEasy
Mls ID: #S1709350