122 W Fulton StLong BeachNY11561
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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
Rental property for sale in Long Beach at 122 W Fulton St, Long Beach, NY, 11561 offers $1,495/mo rent that, after a $1,040/mo payment, leaves $76/mo cash flow. Total monthly income is $1,495/mo, and annual cash flow is $912/yr on $70,444 cash. Return on cash invested measures 21.2% in year one, and rental yield stands at 8.44% at a $212,500 entry. Equity gained on principal adds $1,371/yr while 5% annual appreciation compounds into $58,710 by year five. Five-year ROI records 110.5% and total cumulative return in cash reaches $77,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,495/mo property income versus a $1,040/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
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Listed by: Kimberli Davis • Kimberli Davis
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058588