2 Richmond Road UNIT 2LlLido 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
Investment property for sale in Lido Beach at 2 Richmond Road UNIT 2Ll, Lido Beach, NY, 11561 at $665,000 posts ROI 29.05% with $1,639/mo cash flow from $8,760/mo rent. Total monthly income equals $8,760/mo, and annual cash flow records $19,669/yr on $218,785 to close. Return on cash invested measures 29.05% and rental yield reads 15.81% at the current $665,000. Equity gained on principal adds $4,291/yr, and 5% annual appreciation supports $183,727 by year five. Five-year ROI prints 157.82% and total cumulative return in cash totals $345,283.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,760/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1978
8.73 Acres lot
$N/A/sqft
$2,680 monthly 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: Deborah A Bacchus • My Dream Home Realty Inc
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3560373
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.