221 Beach 80th St APT 5ERockaway BeachNY11693
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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 Rockaway Beach at 221 Beach 80th St APT 5E, Rockaway Beach, NY, 11693 uses $102,765 cash to close to unlock $3,446/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $2,866/mo, and a $1,517/mo payment keeps the spread at $287/mo. Purchase price stands at $310,000, and rental yield measures 11.09% with $2,866/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 123.66% and total cumulative return in cash records $127,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,866/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$509 monthly 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
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Listed by: Gregory Valvo • Revived Residential
Mls Name: BNYMLS
Mls Provider:
Mls ID: #485922
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.