14 James StreetEast RockawayNY11518
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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 East Rockaway at 14 James Street, East Rockaway, NY, 11518 priced at $899,000 converts $5,660/mo rent into after a $4,400/mo obligation. Total monthly income equals $5,660/mo. Return on cash invested prints 18.67% in year one, and rental yield reads 7.56% against a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation compiles into $248,377 by year five. Five-year ROI reaches 96.79% and total cumulative return in cash sums $286,282. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,660/mo property income covering a $4,400/mo payment, not borrower’s personal income.
Single Family
Built in 2024
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
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Listed by: Savinder Lamba • Property Professionals Realty
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #L3589999
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