16 Main Street #3YEast RockawayNY11518
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
Rental property for sale in East Rockaway at 16 Main Street #3Y, East Rockaway, NY, 11518 priced at $155,000 pairs $3,420/mo rent with $2,385/mo cash flow after a $759/mo payment. Total monthly income equals $3,420/mo, and annual cash flow comes to $28,615/yr on $51,383 invested. Return on cash invested is 75.6% in year one, and rental yield stands at 26.48% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 402.19% and total cumulative return in cash reaches $206,656. For financing, Ziffy Mortgage’s DSCR program evaluates $3,420/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1955
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth E. Soriero • Signature Premier Properties
Mls Name: OneKey MLS
Mls ID: #865276