136 Beach 117 St PENTHOUSE 5, Rockaway Park, NY, 11694 | $340/mo Cash Flow

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136 Beach 117 St PENTHOUSE 5, Rockaway Park, NY, 11694 | $340/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Rockaway Park at 136 Beach 117 St PENTHOUSE 5, Rockaway Park, NY, 11694 listed at $685,000 pairs $5,855/mo rent with a $3,353/mo payment to leave $340/mo cash flow. Total monthly income runs $5,855/mo, and annual cash flow reaches $4,085/yr on $225,365 cash to close. Return on cash invested measures 21.87% in year one, and rental yield registers 10.26% at a $685,000 basis. Equity gained on principal adds $4,420/yr, and annual property appreciation at 5% supports $189,253 by year five. Five-year ROI tracks 115.81% and total cumulative return in cash totals $260,998. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,855/mo property income relative to a $3,353/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2006

N/A lot

$N/A/sqft

$940 monthly HOA

More details about the property

WELCOME TO THE ROCKAWAYS ...... Ocean Grande Luxury Waterfront Condominiums located Steps to the Beach! Enjoy the Grand sized 2 Bedroom 2 Baths w/oceanview terrace , offering 1320 sqft of spacious living space. The unit 510 , is beautifully designed with a large open living concept , includes large dinning room & living room, with doors opens to a terrace with oceanviews. The grand sized unit offers; galley kitchen with wood cabinetry , stainless steel appliances w/ granite countertops, master bedroom suite with large bathroom and master walk in closet, 1 additional large bedrooms, 1 bath, washer / dryer stackable unit , plenty of closets, and indoor deeded parking spot w/ storage space. The Ocean Grande Condominium offers concierge service, mail / package room, two elevators, fitness center, business center, laundry room, locker rooms, party & meeting room, rooftop terrace and live in super. The building is perfectly located; approximately 45 minutes from Manhattan, steps to the Beach and Boardwalk, Shops, Restuarants, Transportation options include; Ferry, NYC Express Bus, A train and local busses. Call Listing Agent Susan to schedule your tour! Asking $685,000 / HOV $940 Month / Tax $500 month

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