260 81st Bch UNIT 1DFar 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
Investment property for sale in Far Rockaway at 260 81st Bch UNIT 1D, Far Rockaway, NY, 11693 uses $120,998 cash to close to unlock $9,205/yr annual cash flow and $767/mo monthly cash flow. Total monthly income runs $3,204/mo, and a $1,786/mo payment keeps the spread at $767/mo. Purchase price stands at $365,000, and rental yield measures 10.53% with $3,204/mo rent. Return on cash invested shows 27.52% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 144.31% and total cumulative return in cash records $174,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,204/mo property income covering a $1,786/mo payment rather than investor’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: Tinatin Dovale • Daniel Gale Sotheby's International Realty
Mls Name: StreetEasy
Mls ID: #S1791631