260 Beach 81st Street #3DRockaway BeachNY11693
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFor first-time U.S. investors or those diversifying conservatively, 260 Beach 81st Street #3D, Rockaway Beach, NY, 11693 in Rockaway Beach offers a clean, manageable entry. Rental yield 8.38%. DSCR 1.47 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $126,813 in additional property value over five years, with $3,848/yr in principal equity building ownership stake. Total projected cumulative return: $175,339.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $(654) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,204 |
| Total Monthly Debt Service | $2,994 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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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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
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Listed by: N/A • N/A
Mls Name: OneKey MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #1049618
