1641 Ocean BlvdAtlantic BeachNY11509
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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 Atlantic Beach at 1641 Ocean Blvd, Atlantic Beach, NY, 11509 priced at $1,978,888 converts $7,424/mo rent into after a $9,686/mo obligation. Total monthly income equals $7,424/mo. Return on cash invested prints 9.53% in year one, and rental yield reads 4.5% against a $1,978,888 entry. Equity gained on principal adds $12,769/yr, while 5% annual appreciation compiles into $546,730 by year five. Five-year ROI reaches 47.75% and total cumulative return in cash sums $306,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,424/mo property income covering a $9,686/mo payment, not borrower’s personal income.
Single Family
Built in 1995
2,544 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11509, Atlantic Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,377 (100%) |
| Owner Occupied HU | 817 (59.3%) |
| Renter Occupied HU | 225 (16.3%) |
| Vacant Housing Units | 335 (24.3%) |
| Median Home Value | $991,102 |
| Average Home Value | $1,201,714 |
Housing Distribution
Address Breakdown
Residential
1,196
Single Family
1,187
Multi-Family
9
Businesses
97
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Listed by: Joseph Lombardo • LOMBARDO HOMES & ESTATES
Mls Name: NY State MLS
Mls ID: #11400273