242 Beach Breeze LnArverneNY11692
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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 Arverne at 242 Beach Breeze Ln, Arverne, NY, 11692 offers a 11.21% rental yield on a $879,000 purchase with $8,208/mo rent. Total monthly income registers $8,208/mo, and a $4,302/mo payment leaves $2,338/mo available for distribution. Annual cash flow reaches $28,061/yr on $289,191 to close, and return on cash invested stands at 29.76% in year one. Equity gained on principal adds $5,672/yr while 5% annual appreciation supports $242,851 over five years. Portfolio math shows five-year ROI at 156.3% and total cumulative return in cash at $452,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,208/mo property income against a $4,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 11692, Arverne, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,260 (100%) |
| Owner Occupied HU | 2,411 (29.2%) |
| Renter Occupied HU | 5,362 (64.9%) |
| Vacant Housing Units | 487 ( 5.9%) |
| Median Home Value | $653,075 |
| Average Home Value | $623,118 |
Housing Distribution
Address Breakdown
Residential
7,112
Single Family
3,509
Multi-Family
3,603
Businesses
122
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