1430 Gipson StFar RockawayNY11691
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 Far Rockaway at 1430 Gipson St, Far Rockaway, NY, 11691 earns $824/mo cash flow from $5,826/mo rent with a $3,666/mo payment. Total monthly income totals $5,826/mo, and annual cash flow totals $9,891/yr on $246,421 capital. ROI tracks 24.07% on current figures, and rental yield reads 9.33% at a $749,000 purchase. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 over five years. Five-year ROI reaches 125.8% and total cumulative return in cash sums $309,988. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,826/mo property income instead of your personal income.
Single Family
Built in 1930
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shimon Matsui • Great Success Realty
Mls Name: StreetEasy
Mls ID: #S1776483