235 W Park Avenue #103Long BeachNY11561
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Long Beach at 235 W Park Avenue #103, Long Beach, NY, 11561 generates $5,141/mo in rent and, after a $3,304/mo payment, leaves $633/mo in cash flow. Total monthly income is $5,141/mo, and annual cash flow is $7,599/yr on $222,075 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 9.14% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 122.62% and total cumulative return in cash sums $272,319. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,141/mo property income rather than buyer’s personal income.
Condo
Built in 1987
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,839 (100%) |
| Owner Occupied HU | 9,807 (52.1%) |
| Renter Occupied HU | 7,217 (38.3%) |
| Vacant Housing Units | 1,815 ( 9.6%) |
| Median Home Value | $782,079 |
| Average Home Value | $830,581 |
Housing Distribution
Address Breakdown
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorraine Weber • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #956428