1442 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
Investment property for sale in Far Rockaway at 1442 Pinson St, Far Rockaway, NY, 11691 offers a 8.14% rental yield on a $699,999 purchase with $4,748/mo rent. Total monthly income registers $4,748/mo, and a $3,426/mo payment leaves $74/mo available for distribution. Annual cash flow reaches $884/yr on $230,300 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 106.32% and total cumulative return in cash at $244,851. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,748/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Alfred Jennings • Listed New York Elite Inc
Mls Name: StreetEasy
Mls ID: #S1782595