1430 Seagirt Boulevard #2SFar 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 1430 Seagirt Boulevard #2S, Far Rockaway, NY, 11691 generates $2,818/mo in rent and, after a $857/mo payment, leaves $1,649/mo in cash flow. Total monthly income is $2,818/mo, and annual cash flow is $19,787/yr on $58,013 invested. Return on cash invested sits at 54.02% in year one, and rental yield is 19.32% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 286.4% and total cumulative return in cash sums $166,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,818/mo property income rather than buyer’s personal income.
Condo
Built in 1960
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: Sabrin Duzdar-Sofizada • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls ID: #889420