123-10 Ocean Promenade FLOOR 7Rockaway 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 123-10 Ocean Promenade FLOOR 7, Rockaway Park, NY, 11694 uses $105,417 cash to close to unlock $5,387/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $2,572/mo, and a $1,556/mo payment keeps the spread at $449/mo. Purchase price stands at $318,000, and rental yield measures 9.71% with $2,572/mo rent. Return on cash invested shows 25.02% in year one, and 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 130.87% and total cumulative return in cash records $137,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,572/mo property income covering a $1,556/mo payment rather than investor’s personal income.
Condo
Built in N/A
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: Susan Lavin • NEPONSIT REALTY INC
Mls Name: NY State MLS
Mls ID: #11588839