12420 Cronston AveFar 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
Rental property for sale in Far Rockaway at 12420 Cronston Ave, Far Rockaway, NY, 11694 priced at $849,000 pairs $7,030/mo rent with $1,361/mo cash flow after a $4,155/mo payment. Total monthly income equals $7,030/mo, and annual cash flow comes to $16,331/yr on $279,321 invested. Return on cash invested is 25.91% in year one, and rental yield stands at 9.94% on a $849,000 basis. Equity gained on principal adds $5,478/yr, and 5% annual appreciation accumulates to $234,563 by year five. Five-year ROI measures 135.61% and total cumulative return in cash reaches $378,788. For financing, Ziffy Mortgage’s DSCR program evaluates $7,030/mo property income against a $4,155/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
2,000 sqft 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: George L. Clark III • George L Clark Inc
Mls Name: BNYMLS
Mls Provider:
Mls ID: #479941
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.