133 Beach 120th Street #1ERockaway ParkNY11694
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
Investment property for sale in Rockaway Park at 133 Beach 120th Street #1E, Rockaway Park, NY, 11694 offers a 8.38% rental yield on a $230,000 purchase with $1,606/mo rent. Total monthly income registers $1,606/mo, and a $1,126/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $838/yr on $76,245 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 109.38% and total cumulative return in cash at $83,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,606/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1920
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colleen M. Brady • ROCKAWAY PROPERTIES
Mls Name: OneKey MLS
Mls ID: #949606