23 Plainfield AvenueEast 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
Investment property for sale in East Rockaway at 23 Plainfield Avenue, East Rockaway, NY, 11518 at $649,000 posts ROI 21.83% with $316/mo cash flow from $4,650/mo rent. Total monthly income equals $4,650/mo, and annual cash flow records $3,787/yr on $213,521 to close. Return on cash invested measures 21.83% and rental yield reads 8.6% at the current $649,000. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 by year five. Five-year ROI prints 113.78% and total cumulative return in cash totals $242,952.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,650/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1918
4,000 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: Leon J. Sanchez • Newman Realty Inc
Mls Name: OneKey MLS
Mls ID: #936946