133 Beach 120th St APT 1BRockaway 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
Rental property for sale in Rockaway Park at 133 Beach 120th St APT 1B, Rockaway Park, NY, 11694 generates $2,389/mo in rent and, after a $1,561/mo payment, leaves $259/mo in cash flow. Total monthly income is $2,389/mo, and annual cash flow is $3,109/yr on $105,749 invested. Return on cash invested sits at 22.85% in year one, and rental yield is 8.99% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 119.29% and total cumulative return in cash sums $126,145. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,389/mo property income rather than buyer’s personal income.
Condo
Built in 1959
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: Deborah Brennan • RE/MAX Elite
Mls Name: BNYMLS
Mls ID: #496863