14816 Rockaway Beach BlvdFar RockawayNY11694
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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 14816 Rockaway Beach Blvd, Far Rockaway, NY, 11694 offers a 10.39% rental yield on a $999,999 purchase with $8,658/mo rent. Total monthly income registers $8,658/mo, and a $4,895/mo payment leaves $1,981/mo available for distribution. Annual cash flow reaches $23,768/yr on $329,000 to close, and return on cash invested stands at 27.28% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,281 over five years. Portfolio math shows five-year ROI at 143% and total cumulative return in cash at $470,475. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,658/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,897 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
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Listed by: Lisa A. Jackson • Rockaway Properties
Mls Name: BNYMLS
Mls ID: #497410