260 81st Bch UNIT 6VFar 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 6V, Far Rockaway, NY, 11693 listed at $395,000 pairs $3,260/mo rent with a $1,933/mo payment to leave $623/mo cash flow. Total monthly income runs $3,260/mo, and annual cash flow reaches $7,471/yr on $130,943 cash to close. Return on cash invested measures 25.61% in year one, and rental yield registers 9.9% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 134.08% and total cumulative return in cash totals $175,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,260/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Janet Redmond Kennedy • EXP Realty NYC
Mls Name: StreetEasy
Mls ID: #S1806126