2 Richmond Rd APT 6SLong 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
Total monthly income runs $4,112/mo, and a $4,701/mo payment. Purchase price stands at $960,400, and rental yield measures 5.14% with $4,112/mo rent. Return on cash invested shows 11.32% in year one, and 5% annual appreciation builds toward $265,341 over five years. Five-year ROI reaches 57.4% and total cumulative return in cash records $181,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,112/mo property income covering a $4,701/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A 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: N/A • N/A
Mls Name: Douglas Elliman
Mls Provider:
Mls ID: #899500