20 W 10th RoadBroad ChannelNY11693
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Broad Channel at 20 W 10th Road, Broad Channel, NY, 11693 generates $3,600/mo in rent and, after a $1,811/mo payment, leaves $1,129/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $13,550/yr on $122,655 invested. Return on cash invested sits at 30.96% in year one, and rental yield is 11.68% on a $369,999 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 162.74% and total cumulative return in cash sums $199,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
2,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11693, Far Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,533 (100%) |
| Owner Occupied HU | 2,272 (41.1%) |
| Renter Occupied HU | 2,861 (51.7%) |
| Vacant Housing Units | 400 ( 7.2%) |
| Median Home Value | $505,449 |
| Average Home Value | $521,181 |
Housing Distribution
Address Breakdown
Residential
5,028
Single Family
1,929
Multi-Family
3,099
Businesses
214
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nonso F. Udeogu • Medlaw Realty Corp
Mls Name: OneKey MLS
Mls ID: #888573