124 Coolidge AvenueLong BeachNY11561
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
Investment Highlights
Rental property for sale in Long Beach at 124 Coolidge Avenue, Long Beach, NY, 11561 priced at $879,875 converts $4,440/mo rent into after a $4,307/mo obligation. Total monthly income equals $4,440/mo. Return on cash invested prints 14.11% in year one, and rental yield reads 6.06% against a $879,875 entry. Equity gained on principal adds $5,678/yr, while 5% annual appreciation compiles into $243,093 by year five. Five-year ROI reaches 72.33% and total cumulative return in cash sums $209,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,440/mo property income covering a $4,307/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,420 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: Thomas Tripodi • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #918876
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-22 03:48:20 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)