179 Beach 100th St #7BFar RockawayNY11694
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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 Far Rockaway at 179 Beach 100th St #7B, Far Rockaway, NY, 11694 generates $2,983/mo in rent, after a $3,157/mo payment. Total monthly income is $2,983/mo. Return on cash invested sits at 8.31% in year one, and rental yield is 5.55% on a $645,000 entry. Equity gained on principal adds $4,162/yr, while 5% annual appreciation builds toward $178,202 over five years. Five-year ROI reaches 42.78% and total cumulative return in cash sums $90,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,983/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$754 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11694, Rockaway Park, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,895 (100%) |
| Owner Occupied HU | 3,917 (44.0%) |
| Renter Occupied HU | 3,961 (44.5%) |
| Vacant Housing Units | 1,017 (11.4%) |
| Median Home Value | $886,014 |
| Average Home Value | $919,362 |
Housing Distribution
Address Breakdown
Residential
7,768
Single Family
4,451
Multi-Family
3,317
Businesses
381
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Listed by: George Zanetis • Zanetis Properties LLC
Mls Name: BNYMLS
Mls Provider:
Mls ID: #489130
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.