208 Rhame AveEast RockawayNY11518
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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 East Rockaway at 208 Rhame Ave, East Rockaway, NY, 11518 priced at $939,000 pairs $7,258/mo rent with $987/mo cash flow after a $4,596/mo payment. Total monthly income equals $7,258/mo, and annual cash flow comes to $11,849/yr on $308,931 invested. Return on cash invested is 23.9% in year one, and rental yield stands at 9.28% on a $939,000 basis. Equity gained on principal adds $6,059/yr, and 5% annual appreciation accumulates to $259,428 by year five. Five-year ROI measures 124.84% and total cumulative return in cash reaches $385,660. For financing, Ziffy Mortgage’s DSCR program evaluates $7,258/mo property income against a $4,596/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11518, East Rockaway, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,172 (71.0%) |
| Renter Occupied HU | 1,084 (24.3%) |
| Vacant Housing Units | 212 ( 4.7%) |
| Median Home Value | $668,685 |
| Average Home Value | $667,781 |
Housing Distribution
Address Breakdown
Residential
4,091
Single Family
3,534
Multi-Family
557
Businesses
290
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Listed by: Cheryl Rosenthal • Realty Trends Corp
Mls Name: BNYMLS
Mls Provider:
Mls ID: #487810
Disclaimer: The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.