25 W Broadway #204Long BeachNY11561
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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 Long Beach at 25 W Broadway #204, Long Beach, NY, 11561 uses $162,104 cash to close to unlock $4,619/yr annual cash flow and $385/mo monthly cash flow. Total monthly income runs $3,650/mo, and a $2,393/mo payment keeps the spread at $385/mo. Purchase price stands at $489,000, and rental yield measures 8.96% with $3,650/mo rent. Return on cash invested shows 22.76% in year one, and 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 118.75% and total cumulative return in cash records $192,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,650/mo property income covering a $2,393/mo payment rather than investor’s personal income.
Condo
Built in 1965
1.14 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
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Listed by: Nancy M. Johnston • Coldwell Banker American Homes
Mls Name: OneKey MLS
Mls ID: #943767