208 Beach 124th Street #6Far 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 208 Beach 124th Street #6, Far Rockaway, NY, 11694 listed at $769,000 pairs $5,480/mo rent with a $3,764/mo payment to leave $345/mo cash flow. Total monthly income runs $5,480/mo, and annual cash flow reaches $4,135/yr on $253,001 cash to close. Return on cash invested measures 21.69% in year one, and rental yield registers 8.55% at a $769,000 basis. Equity gained on principal adds $4,962/yr, and annual property appreciation at 5% supports $212,461 by year five. Five-year ROI tracks 113.03% and total cumulative return in cash totals $285,967. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,480/mo property income relative to a $3,764/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
N/A 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: Barbara Ferguson • ROCKAWAY PROPERTIES
Mls Name: OneKey MLS
Mls ID: #934325