151 Beach 96 St #4A, Far Rockaway, NY, 11693 | 9.8% Rental Yield

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151 Beach 96 St #4A, Far Rockaway, NY, 11693 | 9.8% Rental Yield | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Far Rockaway at 151 Beach 96 St #4A, Far Rockaway, NY, 11693 earns from $5,592/mo rent with a $3,353/mo payment. Total monthly income totals $5,592/mo. ROI tracks 19.84% on current figures, and rental yield reads 9.8% at a $685,000 purchase. Equity gained on principal adds $4,420/yr, and 5% annual appreciation supports $189,253 over five years. Five-year ROI reaches 105.13% and total cumulative return in cash sums $236,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,592/mo property income instead of your personal income.

Condo

Built in 2009

N/A lot

$N/A/sqft

$1,059 monthly HOA

More details about the property

Welcome to Ocean One! Discover the epitome of coastal living in this meticulously maintained 2-bedroom, 2-bathroom oceanfront condo located in the heart of Rockaway Beach. Unit 4A at 151 Beach 96th Street offers breathtaking ocean views and modern amenities designed for comfort and convenience. Key Features: * Oceanfront Living: Enjoy stunning ocean views from your own home. * Spacious Bedrooms: Two well-appointed bedrooms with ample closet space. * Modern Bathrooms: Two contemporary bathrooms with high-end fixtures. * Gourmet Kitchen: Features stainless steel appliances, perfect for culinary enthusiasts. * In-Unit Washer/Dryer: Convenience of laundry within your own unit. * Rooftop Deck: Take in panoramic views and relax on the communal roof deck. * Meticulously Maintained: Impeccably cared for, ensuring a move-in ready condition. Located in the vibrant Rockaway Beach neighborhood, you'll have easy access to the 97th street beach concessions, local dining, shopping, and recreational activities. Don't miss the opportunity to own a piece of paradise in this beautiful oceanfront condo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,533 (100%)
Owner Occupied HU	2,272 (41.1%)
Renter Occupied HU	2,861 (51.7%)
Vacant Housing Units	400 ( 7.2%)
Median Home Value	$505,449
Average Home Value	$521,181