221 Beach 80th St APT 6BFar RockawayNY11693
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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 Far Rockaway at 221 Beach 80th St APT 6B, Far Rockaway, NY, 11693 generates $3,352/mo in rent and, after a $2,325/mo payment, leaves $180/mo in cash flow. Total monthly income is $3,352/mo, and annual cash flow is $2,159/yr on $157,463 invested. Return on cash invested sits at 21.28% in year one, and rental yield is 8.47% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 110.82% and total cumulative return in cash sums $174,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,352/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A 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
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Listed by: Yelnia Casilla • Rockaway Properties
Mls Name: BNYMLS
Mls ID: #497222