2 Leamington StLong BeachNY11561
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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 Long Beach at 2 Leamington St, Long Beach, NY, 11561 offers $4,440/mo rent that, after a $7,321/mo payment. Total monthly income is $4,440/mo. Return on cash invested measures 6.63% in year one, and rental yield stands at 3.56% at a $1,495,671 entry. Equity gained on principal adds $9,651/yr while 5% annual appreciation compounds into $413,226 by year five. Five-year ROI records 32.19% and total cumulative return in cash reaches $156,008. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,440/mo property income versus a $7,321/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,110 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
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Listed by: Thomas Tripodi • Douglas Elliman Real Estate
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #931116
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-19 06:07:52 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#778)