179 Beach 114th StreetFar 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
Investment property for sale in Far Rockaway at 179 Beach 114th Street, Far Rockaway, NY, 11694 earns $323/mo cash flow from $5,331/mo rent with a $3,671/mo payment. Total monthly income totals $5,331/mo, and annual cash flow totals $3,870/yr on $246,750 capital. ROI tracks 21.63% on current figures, and rental yield reads 8.53% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 112.68% and total cumulative return in cash sums $278,046. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,331/mo property income instead of your personal income.
Multi Family
Built in 1910
2,500 sqft lot
$N/A/sqft
No 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: Jaime H. Mesa • RE/MAX Team
Mls Name: OneKey MLS
Mls ID: #899548