1515 Cross Bay BoulevardFar RockawayNY11693
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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 1515 Cross Bay Boulevard, Far Rockaway, NY, 11693 offers a 7.2% rental yield on a $599,990 purchase with $3,600/mo rent. 59% in year one. Equity gained on principal adds $3,872/yr while 5% annual appreciation supports $165,766 over five years. Portfolio math shows five-year ROI at 91.01% and total cumulative return in cash at $179,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $2,937/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
2,500 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
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Listed by: Jessica Speck • No Nonsense Real Estate Inc
Mls Name: OneKey MLS
Mls ID: #951914