150 Beach 6th StreetFar 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 150 Beach 6th Street, Far Rockaway, NY, 11691 listed at $1,225,000 pairs $8,306/mo rent with a $5,996/mo payment to leave $125/mo cash flow. Total monthly income runs $8,306/mo, and annual cash flow reaches $1,505/yr on $396,900 cash to close. Return on cash invested measures 20.75% in year one, and rental yield registers 8.14% at a $1,225,000 basis. Equity gained on principal adds $7,905/yr, and annual property appreciation at 5% supports $338,445 by year five. Five-year ROI tracks 107.91% and total cumulative return in cash totals $428,292. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,306/mo property income relative to a $5,996/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2017
4,113 sqft 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: Ayelet Pottash • Five Towns Miller Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3569155
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.