122 Broome AvenueAtlantic BeachNY11509
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 122 Broome Avenue, Atlantic Beach, NY, 11509 in Atlantic Beach fits: $1,075,000, 4.35% gross yield, and a projected 5% annual appreciation rate adding $297,003 in value within five years. Rental yield 4.35%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.81) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $9,901/yr in principal paydown and $297,003 in appreciation project a total return of $198,718.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.2% |
| Monthly Cash Flow | $(3,282) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,897 |
| Total Monthly Debt Service | $6,751 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
6,800 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
6,800 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gil R. Shemtov • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #951012
Disclaimer: Based on information submitted to the MLS GRID as of 2026-01-19 06:38:03 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)