163 Beach 96th Street #3ARockaway BeachNY11693
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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
Rental property for sale in Rockaway Beach at 163 Beach 96th Street #3A, Rockaway Beach, NY, 11693 generates $3,204/mo in rent, after a $3,177/mo payment. Total monthly income is $3,204/mo. Return on cash invested sits at 13.71% in year one, and rental yield is 5.92% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 70.2% and total cumulative return in cash sums $149,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,204/mo property income rather than buyer’s personal income.
Condo
Built in 2020
N/A 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: Linda A. Gurino • ALG NY Management LLC
Mls Name: OneKey MLS
Mls ID: #829380