1361 Pinson StFar RockawayNY11691
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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 1361 Pinson St, Far Rockaway, NY, 11691 priced at $850,000 pairs $4,499/mo rent with after a $4,160/mo payment. Total monthly income equals $4,499/mo. Return on cash invested is 15.01% in year one, and rental yield stands at 6.35% on a $850,000 basis. Equity gained on principal adds $5,485/yr, and 5% annual appreciation accumulates to $234,839 by year five. Five-year ROI measures 77.19% and total cumulative return in cash reaches $215,866. For financing, Ziffy Mortgage’s DSCR program evaluates $4,499/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11691, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,618 (100%) |
| Owner Occupied HU | 5,020 (21.3%) |
| Renter Occupied HU | 17,299 (73.2%) |
| Vacant Housing Units | 1,299 ( 5.5%) |
| Median Home Value | $689,409 |
| Average Home Value | $749,322 |
Housing Distribution
Address Breakdown
Residential
20,297
Single Family
7,945
Multi-Family
12,352
Businesses
623
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Listed by: Nina Sabag - Licensed Real Estate Broker • 5 Boro Realty Corp
Mls Name: StreetEasy
Mls ID: #1727105