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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Long Beach at 260 W Broadway UNIT A, Long Beach, NY, 11561 priced at $1,799,000 converts $7,828/mo rent into after a $8,805/mo obligation. Total monthly income equals $7,828/mo. Return on cash invested prints 8.71% in year one, and rental yield reads 5.22% against a $1,799,000 entry. Equity gained on principal adds $11,609/yr, while 5% annual appreciation compiles into $497,031 by year five. Five-year ROI reaches 44.44% and total cumulative return in cash sums $259,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,828/mo property income covering a $8,805/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,479 monthly HOA
Neighborhood data shown for ZIP Code: 11561, Long Beach, NY area.
| 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 |
Residential
16,421
Single Family
10,519
Multi-Family
5,902
Businesses
857
Date | Event | Price |
|---|---|---|
| 2024-07-30 | Listed for sale | $1,799,000 |
| 2024-05-27 | Listing removed | N/A |
| 2024-01-09 | Price change | $8,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
None
Listed by: Adam M Butter • BERKSHIRE HATHAWAY
Mls Name: OneKey MLS
Mls Provider:
Mls ID: #3565939
Disclaimer: The data relating to real estate for sale or lease on this web site comes in part from OneKey MLS. Real estate listings held by brokerage firms other than Zillow, Inc are marked with the OneKey MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 OneKey MLS. All rights reserved.
