160 Beach 30th StreetFar RockawayNY11691
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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 160 Beach 30th Street, Far Rockaway, NY, 11691 listed at $679,900 pairs $5,018/mo rent with a $3,328/mo payment to leave $478/mo cash flow. Total monthly income runs $5,018/mo, and annual cash flow reaches $5,730/yr on $223,687 cash to close. Return on cash invested measures 22.62% in year one, and rental yield registers 8.86% at a $679,900 basis. Equity gained on principal adds $4,387/yr, and annual property appreciation at 5% supports $187,844 by year five. Five-year ROI tracks 118.01% and total cumulative return in cash totals $263,969. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,018/mo property income relative to a $3,328/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 2004
2,145 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
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Listed by: Todd A. Yovino • Island Advantage Realty LLC
Mls Name: OneKey MLS
Mls ID: #940574